State Pension set for 3.9% rise from April 2027

State Pension payments are on course to rise by 3.9% from April 2027, after September inflation came in below the earnings growth measure used by the Triple Lock. The increase remains prospective and is due to be formally confirmed at the Autumn Budget on October 28, 2026. The Office for National Statistics reported that consumer price inflation was 3.5% in the year to September. The previously published earnings growth figure was 3.9%, making earnings the highest of the three measures used by the Triple Lock: average earnings growth, inflation or 2.5%. If confirmed, the full New State Pension would increase from £241.30 to about £250.70 a week from April 2027. That would amount to roughly £13,036 a year, up from £12,547. The full Basic State Pension would rise from £184.90 to around £192.10 weekly, or about £9,989 annually, from £9,614. The projected rise would lift the full New State Pension above the current £12,570 Personal Allowance. The allowance is frozen until April 2031. The Government has said people whose only income is the State Pension will not pay Income Tax on it, but reports say details of how that treatment will work have not yet been set out. Claire Trott,...