Older state pensioners missing out on new £489 triple lock boost

Older state pensioners missing out on new £489 triple lock boost Older state pensioners will not get the full £489 triple lock boost that new state pensioners will in 2027. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Add us as preferred source Comments By Alex Evans , Deputy Audience Editor 21:00, Sun, Oct 25, 2026 Updated: 21:03, Sun, Oct 25, 2026 Older state pensioners are missing out on the £575 boost (Image: Getty) State pensioners are set to receive another £488.80 extra added to their state pension payments from April 2027 now that the latest confirmed triple lock figures have been revealed. The triple lock is the system by which the DWP must raise state pension payments every year. It means that pensions must rise by either wage growth, inflation or a flat 2.5%, whichever of the three is highest. Because wage growth is 3.9% but inflation is behind at 3.5%, and both are higher than 2.5%, it means wage growth will be used to calculate next April's triple lock boost, at 3.9%. Article continues below ADVERTISEMENT This would put someone on the full new state pension on course to receive £250.70 per week from next April – up from £241.30 per week currently, and works out at a handy £1,086 per month in state pension payments from the DWP . The new state pension was introduced in 2016 and applies to all men born after April 5, 1951 and women born after April 5, 1953. Get personal finance news, money saving tips and advice plus selcted offers and competitions I would like to receive emails from the Daily Express featuring our latest products, services, offers, and promotions from across the Reach Plc family . Subscribe Invalid email You agree you are 18 or over. We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. You can unsubscribe at any time. More Info . State pensioners under 77 get boosted £1,086 per month under Andy Burnham Petrol drivers could get 12p a litre fuel duty and VAT cut on Wednesday But older state pensioners, who retired before 2016, are only eligible for the old basic state pension. Even with a full National Insurance record, they will get less. Someone on a full basic state pension would receive £192.10 per week, increasing from £184.90, reaching around £9,989 per year, under the new triple lock calculations. Article continues below ADVERTISEMENT It means older state pensioners get £114 less added to their annual state pension than new state pensioners, and the gap between the two will remain. A new state pensioner will get a total of £13,036 per year but an older state pensioner will only get £9,989. Article continues below ADVERTISEMENT Of course, older state pensioners can use Pension Credit to top up some of the difference, but only if they don’t have other savings or income as Pension Credit is means tested, whereas the state pension is not. Prime Minister Andy Burnham has previously said that from April 2030, Labour plans to adjust the triple lock, which is used to increase state pensions each April. The state pension overhaul would help to fund a new National Care Service in England. Under the plans, the state pension would continue to rise every year at least by CPI (Consumer Prices Index) inflation or 2.5%. The door would still be left open to it rising by more than this if needed in some years, so that the state pension holds its value relative to average worker earnings. State Pension Triple lock Income tax DWP Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Add us as preferred source Comments