Overview
- ONS data show average earnings grew 4.8% in May–July, outpacing September’s 3.8% inflation rate and setting the Triple Lock uprating figure.
- The full new state pension is expected to reach about £241.30 per week, or roughly £12,548 a year, with the pre‑2016 basic rate rising to around £184.90 per week.
- Chancellor Rachel Reeves is due to confirm the final rates at the Autumn Budget on 26 November, with changes taking effect from 6 April 2026.
- Universal Credit’s standard allowance will rise by 6.2% from April, delivering a bigger increase than the state pension uplift.
- Analysts warn the frozen £12,570 personal allowance could pull more pensioners into income tax by 2027 as upratings continue.