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4h ago

ONS Revision Points to 4.8% State Pension Rise From April 2026 Under Triple Lock

The stronger earnings reading pushes projected payments close to the frozen personal allowance, with the final rate hinging on September inflation before the Autumn Budget.

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Overview

  • The Office for National Statistics lifted May–July total pay growth to 4.8% from 4.7%, making earnings the leading Triple Lock metric for now.
  • A 4.8% uprating would take the full New State Pension to about £241.30 a week (£12,547 a year) and the full Basic rate to £184.90 a week (£9,614 a year) from April 2026.
  • The September CPI reading, due on 22 October, could still determine the uprating if it exceeds the earnings measure.
  • Chancellor Rachel Reeves is scheduled to confirm the annual increase at the Autumn Budget on 26 November.
  • With the personal allowance frozen at £12,570 until 2028, the projected rise would put payments close to taxable levels, and HMRC already projects about 8.7 million pensioners paying income tax in 2025/26 as experts caution the formula could be tempered due to cost.