Big news for state pensioners! 📈 The UK’s state pension is set to rise in April 2026, potentially adding up to £538.79 annually to your pocket. This increase is thanks to the triple lock policy, which ensures the pension grows in line with inflation, wage growth, or a flat 2.5% — whichever is highest.
The forecasted rise of around 4.5% means those on the new state pension could see their annual income jump to between £478.92 and £538.79. Meanwhile, those on the older pension (pre-April 2016) might enjoy a boost of £367 to £413 annually.
Sounds great, right? But there’s a little wrinkle. As the state pension inches closer to the UK’s Personal Allowance tax threshold of £12,570, more pensioners could find themselves paying income tax. If you’re already receiving a personal pension, this increase might push you over the line into the taxable bracket — assuming tax thresholds don’t change.
Government backing is still needed for this pension rise, with a review slated for next March. But with inflation and wage growth hovering around 4%, a bump seems likely.🧐
An important reminder: the state pension age is currently 66, but changes are in the pipeline. Those born on or after April 5, 1960, will see the age rise to 67, and it’ll eventually shift to 68 for those born on or after April 5, 1977.
Stay tuned as we keep an eye on updates, and make the most of any extra cash heading your way! 💷