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From April 2026, state pension payments will rise by 4.8 per cent, in line with average wage growth.

On Wednesday, November 26, Chancellor Rachel Reeves delivered the Autumn Budget, which confirmed the government's commitment to the pension triple lock.

The amount State Pension rates go up is determined by whichever is the highest out of three factors, which is known as the triple lock.

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These three factors are the consumer price index (CPI) measure of inflation (measured for September in the previous year) and average wage growth between May and July of the previous year, or 2.5%.

As average wage growth was the highest at 4.8 per cent, pension rates will rise in line with that next year.

HM Treasury said: "Th

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