The Aporia
The Aporia
Howe, M. (2026, September 15). State pension: Like rise in 2027 is revealed. Evening Standard. https://www.standard.co.uk/news/uk/state-pension-rise-2027-revealed-b1297011.html
Howe, Megan. “State pension: Like rise in 2027 is revealed.” Evening Standard, 15 Sept. 2026, https://www.standard.co.uk/news/uk/state-pension-rise-2027-revealed-b1297011.html.
Howe, Megan. “State pension: Like rise in 2027 is revealed.” Evening Standard, September 15, 2026. https://www.standard.co.uk/news/uk/state-pension-rise-2027-revealed-b1297011.html.
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The state pension in the UK is set to rise by £488 a year, pushing it above £13,000 annually due to the triple lock arrangement where increases are based on either inflation, wage growth, or 2.5%, whichever is highest. The latest figures show that average total earnings growth has slowed to 3.9%, down from previous projections. This means pensioners who rely solely on their state pension could see it breach the personal tax allowance threshold for the first time.
There are calls to potentially suspend the triple lock policy amid economic pressures, including a cost-of-living crisis and rising inflation. Inflation figures as of August were expected to rise above 3%, adding further pressure on households and highlighting challenges for policymakers.
The age at which people can claim their state pension has started increasing from 66 to 67 since April 2026, affecting millions who must now wait longer to access full benefits. Pensioners who reached the qualifying age before April 2016 receive a weekly amount of £184.90, while those after that date receive £241.30 per week.
Concerns are growing about balancing pension costs with economic realities, potentially leading to proposals for further increases in the state pension age beyond current plans which see it rise gradually from 67 and eventually reach 68 by 2044-2046.
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