The likely new state pension rates for 2026/27 have been confirmed.

Millions of retirees are in line for a boost worth hundreds of pounds extra.

The full state pension - claimed by those who retired after April 2016 - is set to go up by £561.

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The new rates will come into effect from April 2026.

It comes after the release of latest wage growth figures.

These are likely to set the new pension rates, under the triple lock policy.

It determines how much the state pension goes up each year - based on whatever is highest out of inflation, wage growth and 2.5%.

Latest ONS data showed wage growth for the three months to July was 4.7%.

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