State Pension Increase Likely in April 2027
The state pension is likely to rise by 3.9% next April, according to the latest jobs and pay data. Under the triple lock pension guarantee, this increase will be based on either this month’s wage growth or next month’s inflation figure, whichever is higher.
Average wage growth between May and July slowed, as reported by the Office for National Statistics. Additionally, the number of vacancies in the UK has decreased while the number of people claiming unemployment benefits has increased.
Remember that these figures will be finalized based on the actual data for the relevant period.
