Overview

• On current projections, the full new state pension would rise to £241.05 a week (£12,534.60 a year), an increase of about £561.60.
• The basic state pension is expected to reach about £184.75 a week (roughly £431.60 more a year), with legacy elements typically uprated by inflation rather than earnings.
• Work and Pensions Secretary Pat McFadden confirmed the government will maintain the triple lock for the duration of this Parliament.
• With the personal allowance frozen at £12,570, a full new pension near £12,535 would leave only about £35 of other income before tax, and experts warn more pensioners will be drawn into income tax with some paying tax on the state pension alone by April 2027.
• The final rate hinges on September’s CPI figure, possible revisions to wage data, and formal confirmation by Chancellor Rachel Reeves at the Autumn Budget on November 26.