PARLIAMENTARY WRITTEN QUESTION
State Retirement Pensions: Uprating (4 September 2024)
Question Asked
Asked by:
Ben Goldsborough (Labour)
Answer
The Government is committed to the Triple Lock, which means that in April 2025, the basic and new State pension will increase by the higher of the growth in average earnings, price increases or 2.5%.
The relevant percentage increase applied to the State Pension in April 2025 is subject to a statutory review conducted by the Secretary of State. The review will typically begin in October, once the relevant indices have been published by the Office for National Statistics. On completion of the review, the Secretary of State will lay a statement in Parliament.
Answered by:
Emma Reynolds (Labour)
12 September 2024
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