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State pensions set for a £500 triple lock rise
Daily Express
|August 13, 2025
STATE pensioners could be on course for another solid pay rise next year with millions potentially getting an increase of more than £500, thanks to the triple lock.
The triple lock boosts the state pension each April by the highest of inflation, earnings or 2.5%, and early indicators point to a sizeable uplift in 2026.
Based on current trends, the full new pension could climb by between 4% and 4.5%, boosting today's maximum annual payout of £11,973 by up to £539.
However, that would be just a whisker below the £12,570 personal allowance, and experts warn retirees with a modest income on top could be dragged into paying income tax due to the threshold freeze.
Sarah Coles, head of personal finance at Hargreaves Lansdown, said earnings rose 4.6% year-on-year between April and June.
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