Pensioners will get some extra cash in their bank accounts from April 6.
State Pension rates increase at the start of every new tax year on April 6 (Image: Getty)
State pensioners across the UK can get a £230 per week benefit from Sunday as new payment rates take effect.
The government increases the State Pension rates at the start of every new tax year on April 6, with the amount it goes up based on three factors – known as the ‘triple lock’. These factors include the consumer price index (CPI) measure of inflation (measured for September in the previous year), average wage growth between May and July of the previous year, or 2.5%. Whichever is the highest out of these three factors determines pension rates for the new tax year.
So in the 2025/26 tax year, which begins on Sunday, April 6, both the basic and new State Pensions are being uprated by 4.1% in line with the annual increase in the average weekly earnings index for May to July 2024.
The UK’s State Pension system is split into two different schemes – basic and new – so the amount your pension payments will increase from April 6 depends on when you retired.
For those who get the new State Pension, the full weekly payment rate is increasing by 4.1% to £230.25 per week from Sunday, April 6 – up from the current rate of £221.20.
Over the course of a year this amounts to an extra £470 in your pension pot, if you get the full rate. It means those who get the full new rate will receive £11,973 in pension payments across a full year from April 6, 2025 – £2,797.60 more per year than those who get the full basic State Pension.
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Men born on or after April 6, 1951, and women born on or after April 6, 1953, are eligible to claim the new State Pension once you reach State Pension age, which is currently 66.
The government said: “To help make sure pensioners are protected in their retirement, we have also confirmed a 4.1% increase to the basic and new State Pension, as well as the standard minimum guarantee for Pension Credit, from April next year.
“Over 12 million pensioners will benefit as the full new State Pension will rise from £221.20 to £230.25 a week, providing an extra £470 a year. The full basic State Pension will increase from £169.50 to £176.45 per week, worth an extra £360 annually.”
