Overview
- The earnings-led uplift would take the full New State Pension to about £241.30 a week (roughly £12,547 a year) and the full Basic State Pension to about £184.90, with final confirmation due in the Autumn Budget on 26 November.
- Under the Triple Lock, the coming uprating is guided by the highest of May–July earnings growth at 4.8%, September CPI at 3.8%, or 2.5%, putting earnings in the lead.
- With the Personal Allowance frozen at £12,570 until April 2028, the projected increase leaves some pensioners close to or crossing the income tax threshold.
- DWP data show nearly 1.4 million people receive Pension Credit but more than 700,000 eligible pensioners are not claiming, and the benefit can top up income to a guaranteed minimum and unlock further support.
- The State Pension age is rising again from 6 May 2026 and will reach 67 by 6 March 2028, affecting those born between 6 April 1960 and 5 April 1977, with entitlement still based on individual National Insurance records.