Younger state pensioners are receiving an additional £44 per month from the Department for Work and Pensions (DWP) in June, thanks to the Triple Lock policy. The full rate of the new State Pension has increased by £11 per week, or approximately £575 annually, bringing the weekly payment to £241.
Triple Lock Drives Increase
This raise, which took effect in April 2026, is driven by the Labour Party government's triple lock policy designed to protect pensions against inflation and rising earnings. The £11 weekly rise translates to a £44 boost in June.
Baroness Sherlock, speaking for Labour in the House of Lords, confirmed the increase: "I have concluded my statutory annual review of State Pension and benefit rates under the Social Security Administration Act 1992. The new rates will apply in the tax year 2026-27, with most increases coming into effect from 6 April 2026."
Details of the Increase
Baroness Sherlock added: "I am pleased to announce that the basic and new State Pensions will be increased by 4.8%, in line with the increase in average weekly earnings in the year to May-July 2025. This delivers on our commitment to the Triple Lock, increasing these rates in line with the highest of growth in prices, growth in earnings or 2.5%. From April, the full annual rate of the new State Pension will increase by around £575. The full annual rate of the basic State Pension will increase by around £440."
The Standard Minimum Guarantee in Pension Credit will also increase by 4.8%, rising to £238.00 per week for a single pensioner and £363.25 per week for a couple, ensuring the poorest pensioners' incomes are protected.
Other Benefit Increases
Other State Pension and benefit rates covered by the review will increase by 3.8%, in line with the Consumer Prices Index (CPI) for the year to September 2025. This includes most working-age benefits, disability benefits, statutory payments such as Sick Pay and Maternity Pay, and Additional State Pension. The Pension Credit Savings Credit maximum will also rise by 3.8%.
Baroness Sherlock noted that all social security, including State Pensions, is a transferred matter in Northern Ireland. Local Housing Allowance rates and the benefit cap will remain at current levels for 2026-27. The full list of proposed rates will be published in due course.
