UK State Pension Rise

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 15 Sep

   As a reader politely reminds me, that figure refers to the New State Pension, which is currently £241.30 a week, and now expected to rise by 3.9% next year to around £250.70.

   4 outlets · The Guardian

Coverage 9 articles

• 15 Sep Chancellor John Healey under pressure to find big savings as triple lock could drag millions of pensioners into Labour's tax trapMillions of British pensioners may face a new "stealth tax" as their state pensions exceed the income tax threshold starting next April. The Daily Mail reports that due to the triple lock mechanism, the state pension will increase by at least 3.9% in April, reaching £13,000. This rise places most pensioners above the current tax threshold of £12,570, potentially making them liable for income tax. Chancellor John…Daily Mail
• 15 Sep State pensioners set to breach tax threshold under ‘triple lock’ boostPensioners relying solely on the full new state pension are set to exceed the personal tax allowance for the first time due to an anticipated rise of nearly £500 a year starting next April. The triple lock policy guarantees annual increases based on earnings growth, inflation, or a fixed 2.5%, with current projections indicating earnings growth at 3.9% could push the state pension above the existing personal…Evening Standard
• 15 Sep What is the triple lock and how much is the state pension worth?The article explains that the UK state pension is set to increase in April 2027 under the "triple lock" system, which guarantees yearly increases based on inflation, wage growth, or a fixed percentage of 2.5%, whichever is highest. For those who reached state pension age after April 2016, the weekly payment will rise by £9.40 to £250.70, and for those before that date, it will increase by £7.20 to £192.10 per week…BBC
• 15 Sep State pension: Like rise in 2027 is revealedThe article reports that state pensions for those who reached pension age after April 2016 will likely see an increase in April 2027, contingent on recent earnings growth data from the ONS showing a slight slowdown to 3.9%. Previously, projections suggested a weekly rise to approximately £251, but with current figures, this number is expected to be slightly lower. The exact amount of the increase will depend on…Evening Standard
• 15 Sep UK state pension set to top £13,000 a year as wage growth slows to 3.9%UK wage growth has slowed to 3.9% year-over-year through July, down from 4.1% in June, according to Office for National Statistics data. This figure will likely determine the state pension increase under the triple lock mechanism this year, potentially raising it by £488 to over £13,000 annually starting April. The Bank of England is set to meet amid concerns about rising energy prices and inflation pressures from…The Guardian
• 15 Sep Pensioners are ‘big winners’ with triple-lock set to rise by 3.9%, lifting state pension to £13,000 – as it happenedThe UK government is set to increase state pensions by 3.9% in April 2024 under the triple-lock system, following wage growth data published by the Office for National Statistics (ONS). This would lift the full New State Pension to over £13,000 annually, benefiting pensioners significantly as it exceeds current inflation rates. Jon Greer from Quilter highlights that this above-inflation increase underscores the…The Guardian
• 15 Sep State pensioners set to breach tax threshold under ‘triple lock’ boostThe article reports that UK state pensioners relying solely on the full new state pension are set to exceed the personal tax allowance for the first time due to a nearly £500 annual increase under the triple lock policy. This scenario could push some pensioners into paying taxes, despite recent government assurances of no immediate impact. Economists predict that if earnings growth and inflation figures hold steady…Evening Standard
• 15 Sep Confusion for poorest pensioners as minister claims they WON'T be dragged into income tax when state payments rise 3.9% in April... but refuses to give more detailsPensioners are facing uncertainty as their state payments are set to increase by 3.9% in April, taking the annual amount just above £13,000 and into the personal allowance threshold of £12,570. Business Secretary Jonathan Reynolds refused to clarify whether pensioners who rely solely on the state pension would be exempt from filing tax returns when they exceed this threshold. Pensions minister Torsten Bell assured…Daily Mail
• 15 Sep State pension likely to top £13,000 a year as UK wage growth slows to 3.9%The article discusses the expected increase in the UK's flat-rate state pension to over £13,000 per year, based on a 3.9% wage growth rate announced by the Office for National Statistics (ONS). This rise, under the triple lock policy which ensures annual pension increases tied to earnings, inflation, or a fixed 2.5%, has sparked debate about its long-term financial sustainability and intergenerational equity…BBC

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