View 2 Images

Millions of Brits will receive a boost to their state pensions next year. The state pension rate for 2026/27 has been confirmed under the triple lock terms.

This means state pensioners will receive a 4.7% increase next year, pushing the annual rate up to £12,535 - an increase of £562. The boost to payments will kick in from next April.

Under the triple lock pensions rise every year in line with whatever is highest out of inflation, wage growth and 2.5%, BirminghamLive reports.

The latest increase has been determined by wages which are up 4.7%. But it will push more older Brits towards paying income tax for the first time because of frozen tax bands.

Never miss a story with the MEN's daily Catch Up newsletter - get it in your inbox by signing up here

There have also be

See Full Page