State Retirement Pensions: Uprating

(asked on 10th February 2025) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the adequacy of the recent State Pension increase.


Answered by
Torsten Bell Portrait
Torsten Bell
Parliamentary Secretary (HM Treasury)
This question was answered on 18th February 2025

Ensuring a decent foundation State Pension for pensioners is a priority for this Government. That is why we have set out our commitment to the Triple Lock throughout this Parliament. As a result, spending on people’s State Pensions is forecast to rise by over £31 billion.

Through our commitment to the Triple Lock, from April the basic and new State Pensions will increase by 4.1%. This means that over 12 million pensioners will benefit from an increase of up to £470 to their State Pension from April this year. That’s up to £275 more than if pensions had been uprated in line with inflation.

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