State Pension increases will not go to hundreds of thousands of people

Millions of individuals over the State Pension age will witness a 4.1 per cent increase in their weekly payments next April, thanks to the Triple Lock - but some will miss out. The New and Basic State Pensions are adjusted annually under the Triple Lock, in line with the highest of three measures: average annual earnings growth from May to July (4.1%), the Consumer Price Index (CPI) inflation rate for the year to September (1.7%), or 2.5 per cent.

Figures from the Office for National Statistics (ONS), published on Wednesday, finalised the Triple Lock for the 2025/26 uprating. They revealed that the CPI for September dropped from 2.2 per cent to 1.7 per cent, while average earnings growth for the 12 months to July was 4.1 per cent - making it the determining factor.

The new State Pension rates won't be officially confirmed until the Autumn Budget on October 30, but the Labour Government has pledged to uphold the Triple Lock for the next five years. However, not all State Pensioners will receive the annual uplift next year.

Nearly half a million pensioners will miss out on increased payments because they have chosen to retire abroad. Under the earnings growth element of the Triple Lock (4.1%), those on the full New State Pension will see payments rise by £9.10 per week from £221.20 to £230.30.

As the payment is typically made every four weeks, this amounts to an increase of £921.20. This will result in annual payments rising by £473.60 from £11,502 to £11,975.60 over the 2025/26 financial year, reports the Daily Record.

In the upcoming financial year of 2025/26, individuals receiving the full Basic State Pension will see their weekly payments increase by £6.95, moving from £169.50 to £176.45, amounting to an additional