State Pension set for April boost – how much could you get?

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Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing, however, it may no longer reflect our views on this topic.

It’s Pension Awareness week and we’re taking a closer look at the State Pension. Discover how much income you could get, plus 4 ways you could boost it.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

12 September 2023

Today wage data grew by 8.5%. So, retirees could be in for a big boost in April.

State Pension income normally increases annually by whichever is the greatest of wage growth, inflation (CPI), or 2.5 percent. This is called the triple lock.

But the last time wage growth was this high, the government tinkered with the rules, suspending the triple lock for one year in 2022. So, there are no guarantees.

However, thankfully there are other ways to increase your State Pension income.

This article isn’t personal advice. If you’re not sure what’s right for your circumstances, ask for financial advice. Pension and tax rules can change, and benefits depend on your circumstances.

The State Pension isn’t the same for everyone.

The amount you