Millions of pensioners will see their State Pension enhanced this month as the annual uplift takes effect on April 6. TheTriple Lockguarantees that the New and Basic State Pensions rise annually by whichever is highest: average yearly earnings growth from May to July (4.8%), the CPI inflation rate for the year to September (3.8%), or 2.5%.
Additional State Pension elements and deferred State Pensions increase yearly with September's CPI figure. The full New State Pension will surge by approximately £574 to £12,547 during the new financial year.
Pensions minister Torsten Bell said: "After a lifetime of work and contribution, people deserve a decent retirement. Raising the State Pensions faster than prices, ensuring it is a pension they can rely on, is how we make that a reality for millions."
The UK Government has recently announced that HMRC will implement new protocols this year to ensure that pensioners, whose sole source of income is the State Pension, will not be required to submit a Simple Self Assessment tax return if their payment exceeds the Personal Allowance threshold of £12,570.
There are differing payments for older and younger pensioners due to the new and basic State Pension. Men born before 1951 and women born before 1953 will see payments for the basic pension go from £176.45 a month to £184.90.
New State Pension payment rates 2026/27
Full New State Pension
Weekly: £241.30 (from £230.25)
Four-weekly pay period: £965.20
Annual amount: £12,547
Full Basic State Pension
Weekly: £184.90 (from £176.45)
Four-weekly pay period: £739.60
Annual amount: £9,614
Other State Pension rates
Category B (lower) Basic State Pension - spouse or civil Partner's insurance: £110.75 (from £105.70)
Category C or D - non-contributory: £110.75 (from £105.70)
Full details on Additional State Pension, Widows' Pension, increments and Invalidity Allowance can be found on GOV.UK.
New Pension Credit rates
Standard minimum guarantee
Single: £238.00 (from £227.10)
Couple: £363.25 (from £346.60)
Additional amount for severe disability
Single: £86.05 (from £82.90)
Couple (one qualifies): £86.05 (from £82.90)
Additional amount for carers: £48.15 (from £46.40)
State Pension and tax
Guidance on GOV.UK states: "You pay tax if your total annual income adds up to more than your Personal Allowance."
Your total income could include:
State Pension you receive- Basic or New State Pension
Additional State Pension
Private pension (workplace or personal)
Earnings from employment or self-employment
Any taxable benefits you get
Any other income, such as money from investments, property or savings
Check if you have to pay tax on your pension
Before you can check, you will need to know:
If you have a State Pension or a private pension
How much State Pension and private pension income you will get this tax year (April 6 to April 5)
The amount of any other taxable income you'll get this tax year (for example, from employment or state benefits)
You cannot use this tool if you get:
Any foreign income
Marriage Allowance
Blind Person's Allowance
Use this online tool at GOV.UK to check if you have to pay tax on your pension. The full guide to tax when you get a pension can be found on GOV.UK here
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