Weekly Rate by Tax Year
Source: DWP/HMRC annual uprating statements, cross-checked against House of Commons Library — State Pension triple lock. Verified 30 Jul 2026.
| Tax Year | Full New State Pension (weekly) | Annual | Increase |
|---|---|---|---|
| 2016/17 | £155.65 | £8,094 | — |
| 2017/18 | £159.55 | £8,297 | +2.5% |
| 2018/19 | £164.35 | £8,546 | +3.0% |
| 2019/20 | £168.60 | £8,767 | +2.6% |
| 2020/21 | £175.20 | £9,110 | +3.9% |
| 2021/22 | £179.60 | £9,339 | +2.5% |
| 2022/23 | £185.15 | £9,628 | +3.1% (CPI only — earnings element of triple lock suspended) |
| 2023/24 | £203.85 | £10,600 | +10.1% |
| 2024/25 | £221.20 | £11,502 | +8.5% |
| 2025/26 | £230.25 | £11,973 | +4.1% |
| 2026/27 | £241.30 | £12,548 | +4.8% |
What Is the Triple Lock?
The triple lock guarantees the state pension rises every April by whichever is highest of: average earnings growth (May–July the previous year), CPI inflation (the preceding September), or a floor of 2.5%. Introduced in 2011/12, it has applied every year since — with one exception: for 2022/23, the earnings element was temporarily suspended by the Social Security (Uprating of Benefits) Act 2021, because pandemic-distorted wage figures would have produced an unrealistically large 8%+ rise. That year's increase used CPI (3.1%) instead.
Ten-Year Trend
Since its 2016 introduction, the full new state pension has grown from £155.65/week to £241.30/week — a cumulative rise of roughly 55% over ten years, comfortably outpacing average inflation over the same period thanks to the triple lock's design. The single largest jump was 2023/24's 10.1% increase, a direct result of the high inflation during the 2022 cost-of-living crisis.
Looking Ahead: What Happens in April 2027?
Outlook section added 30 Sep 2026 — no 2027/28 rate is confirmed yet. Will be updated once DWP publishes it.
The April 2027 state pension rise isn't set yet. Under the triple lock, it will be the highest of: CPI inflation for September 2026 (published by the ONS in mid-October 2026), average earnings growth for May–July 2026, or the 2.5% floor. The government normally confirms the figure at the Autumn Budget, expected around November 2026 — treat any specific percentage or £ figure you see before then as speculation, not confirmed.
One thing that is already confirmed: the income tax personal allowance is frozen at £12,570 until 5 April 2028 (gov.uk policy paper). The full new state pension is already £241.30/week (£12,548/year) for 2026/27 — only £22/year below that frozen allowance. Even a modest triple lock rise in April 2027 could push the full state pension alone above the personal allowance, meaning some pensioners with no other income could owe income tax on their state pension for the first time. This depends entirely on the size of the 2027 increase, which isn't known yet.
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