Chancellor of the Exchequer Rachel Reeves heads to the Commons to announce the Budget (Image: PA)

Chancellor Rachel Reeves has said 13m pensioners will get an above-inflation rise to the state pension. The basic and new state pension will be increased by 4.8%, from April 2026, in line with average weekly earnings up to an additional £575 per year to pensioners, depending on their entitlement.

In April 2026, the state pension will be uprated by 4.8%, so pensioners will receive up to an additional £575 a year. It will impact 700,000 pensioners in Wales. The UK Government says it will continue its commitment to the Triple Lock for the duration of this Parliament.

The triple lock guarantees that the state pension increases annually by the highest of inflation, average earnings growth, o

See Full Page