Older state pensioners set for boosted £192 benefit

Older state pensioners set for boosted £192 benefit The boost comes thanks to the triple lock guarantee. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Add us as preferred source Comments By Claire Schofield 14:27, Sun, Oct 25, 2026 Updated: 14:31, Sun, Oct 25, 2026 The full old, basic State Pension is expected to rise to £192.10 per week from April 6, 2027 (Image: Getty) Older state pensioners across the UK are set to receive boosted payments of up to £192.10 per week from next April thanks to the triple lock guarantee. The start of each new tax year on April 6 ushers in an annual rise to State Pension rates , with the uplift determined by the triple lock mechanism. This is a Government guarantee that the State Pension will rise each year by whichever is the highest out of three figures: the consumer price index (CPI) measure of inflation (measured for September the year before), average wage growth between May and July the previous year, or a minimum of 2.5%. The highest of the triple lock factors has been revealed as average wage growth at 3.9% after the Office for National Statistics (ONS) on Wednesday (October 21) announced that CPI inflation was 3.5% in September—lower than the 3.9% wage growth figure that has already been published. As such, the State Pension is on course for a 3.9% boost from April 6, 2027, now that the final piece of the triple lock puzzle is known. Article continues below ADVERTISEMENT It means that older pensioners on the full old, basic State Pension would receive a boosted £192.10 per week, up from the current maximum of £184.90 per week. This increase means someone eligible for the full amount would get a total of £9,989.20 in State Pension payments per year, which amounts to an extra £374.40 annually on current rates. Of course, these figures are based on the maximum possible amount for those with a full qualifying National Insurance record, so those without enough qualifying years will receive less. You’ll get the basic State Pension if you’re a man born before April 6, 1951, or woman born before April 6, 1953, but your payment amount depends on your National Insurance record. 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 . To get the full amount, a man born between 1945 and 1951 usually requires 30 qualifying National Insurance years, while men born before 1945 require 44 qualifying years. For women, you’ll need 30 qualifying years if you were born between 1950 and 1953, or 39 qualifying years if you were born before 1950. Article continues below ADVERTISEMENT As for younger pensioners who get the new State Pension, a 3.9% increase would take the maximum weekly rate from £241.30 to a boosted £250.70. It means pensioners entitled to the full amount would get £13,036.40 in State Pension payments per year—an annual boost of £488.80 in the 2027 to 2028 tax year. Article continues below ADVERTISEMENT State pensioners set for boosted £250.70 payments Older state pensioners can cut BBC TV Licence bill to £0 in 16 minutes Ed Monk, Associate Director at Fidelity International, said: “The State Pension in the current 2026/27 financial year is set at £241.30 a week, or £12,548 a year, for those claiming the full new State Pension. That follows a 4.8% rise from the year before based on the increase in wages, which was the highest of the three measures. “And we now know the rise that will apply in the 2027-28 tax year. In April 2027 the State Pension will rise to £250.70 a week - £13,036.40 a year - following a 3.9% rise in wages that was confirmed in labour market data published this month. “Consider that as recently as the 2022/23 tax year it was just £185.15 a week - meaning that by next year it will have risen by more than 35% in five years.” As the personal tax allowance has been frozen at £12,570 since 2021, it means state pensioners will be caught within the tax net for the first time. So far, the Government has said pensioners who are wholly dependent on the new State Pension—with no private pension—or the old basic State Pension, “with no increments”, will not have to pay tax. It’s still unclear exactly how the policy will work, but the Government is expected to set out further details in the Budget on Wednesday, October 28. Claire Trott, head of advice at St James’s Place, said: “While the uplift in income will be welcomed by many, it also marks a significant milestone, with the full new state pension exceeding the £12,570 personal allowance for the first time. “Although those receiving only the state pension are not expected to face a tax bill, pensioners who draw on other sources of income, such as workplace or private pensions, savings or earnings from work may find themselves with a higher tax liability as a result. It’s therefore worth taking a closer look at your retirement income ahead of April to make sure you understand what the changes could mean for you and plan accordingly.” State Pension Triple lock National Insurance Benefits Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Add us as preferred source Comments