X<\/a>: <\/p>\n ![\"Martin](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/09\/martin-quote.png\")
<\/p>\n
Martin Lewis<\/p>\n
MSE founder & chair<\/p>\n
Many saying “why don’t they just make State Pension tax free?” Well it’s always been taxable, so high earners pay tax on it (think someone with \u00a31 million in earnings and investment income age 70).<\/p>\n
The change is that from April, someone with ONLY the full new State Pension income will need to pay tax. And regardless of the triple lock or not, that would’ve happened at some point if you continue to freeze the personal allowance \u2013 that’s the prime cause of this for me.<\/p>\n
How the triple lock works<\/p>\n
Under the triple lock, the State Pension typically goes up each April by the highest of:<\/p>\n
Average wage growth between the previous May and July (including bonuses) \u2013 3.9% in 2026, as announced on Tuesday 15 September;<\/p>\n
The previous September’s Consumer Prices Index (CPI) inflation measure \u2013 September’s figure will be published on 21 October \u2013 though it’s not expected to be higher than 3.9%. CPI inflation is currently at 2.9% based on the year to July’s figures.<\/p>\n
Or 2.5%.<\/p>\n
So currently, as the average wage growth is the highest of the three figures this year, the State Pension is expected to rise by 3.9% next April.<\/p>\n
The new State Pension is expected to rise by almost \u00a3490 a year<\/p>\n
Around one in three (36% of) state pensioners \u2013 4.7 million \u2013 get the new State Pension. You’ll be on it if you reached State Pension age after April 2016.<\/p>\n
\n NEW State Pension predicted rise from April 2027\n <\/p>\n
Year<\/p>\n
Weekly payment (1)<\/p>\n
Annual amount (2)<\/p>\n
2026\/27 (current)<\/p>\n
\u00a3241.30<\/p>\n
\u00a312,547.60<\/p>\n
2027\/28 (new \u2013 if increased by 3.9%)<\/p>\n
\u00a3250.70<\/p>\n
\u00a313,036.40 <\/p>\n
Increase<\/p>\n
\u00a39.40<\/p>\n
\u00a3488.80 <\/p>\n
Those on the basic State Pension will see a smaller cash increase <\/p>\n
Around two thirds (64%) of state pensioners \u2013 8.4 million \u2013 get the basic State Pension. You’ll be on it if you reached State Pension age before April 2016.<\/p>\n
\n OLD, basic State Pension predicted rise from April 2027\n <\/p>\n
Year<\/p>\n
Weekly payment (1)<\/p>\n
Annual amount (2)<\/p>\n
2026\/27 (current)<\/p>\n
\u00a3184.90<\/p>\n
\u00a39,614.80<\/p>\n
2027\/28 (new \u2013 if increased by 3.9%)<\/p>\n
\u00a3192.10<\/p>\n
\u00a39,989.20<\/p>\n
Increase<\/p>\n
\u00a37.20<\/p>\n
\u00a3374.40<\/p>\n
Can you turn \u00a3923 into \u00a36,800 by boosting your State Pension? <\/p>\n
The figures above only apply to those who get the full State Pension, which comes from having enough National Insurance (NI) years \u2013 usually around 35 (though it varies widely). Many, especially those on lower incomes, don’t have their full years, so get a lower pension and therefore their monetary rise will be smaller still.<\/p>\n
If you don’t get the full amount, there are two main ways you can increase it \u2013 claiming free NI credits or buying extra years. The first is a no-brainer if you’re eligible, but the other option needs to be considered carefully. <\/p>\n
For full info, see our step-by-step State Pension boosting<\/a> guide.<\/p>\n","protected":false},"excerpt":{"rendered":"Martin Lewis: ‘Will the Government honour Rachel Reeves’ pledge to me?’ Earlier today (Tuesday 15 September), Martin Lewis…\n","protected":false},"author":2,"featured_media":771782,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-771781","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/771781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=771781"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/771781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/771782"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=771781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=771781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=771781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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