{"id":41501,"date":"2026-04-05T02:59:24","date_gmt":"2026-04-05T02:59:24","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=41501"},"modified":"2026-04-05T02:59:24","modified_gmt":"2026-04-05T02:59:24","slug":"over-12m-people-to-benefit-from-state-pension-increase-tomorrow-money-news","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=41501","title":{"rendered":"Over 12m people to benefit from state pension increase tomorrow | Money News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div data-component-name=\"ui-article-body\" data-testid=\"article-body\" data-highlight-intro=\"true\">\n<p>More than 12 million people will see their state pension rise by \u00a3575 a year from tomorrow.<\/p>\n<p>The triple lock guarantee means it increases every April by whichever is highest out of inflation, wage growth or 2.5%.<\/p>\n<p>Monday&#8217;s 4.8% rise &#8211; which is in line with average earnings growth &#8211; will take the full rate of the new state pension from \u00a3230.25 to \u00a3241.30 a week.<\/p>\n<p>Meanwhile, the full basic state pension will go from \u00a3176.45 a week to \u00a3184.90.<\/p>\n<p>The government said committing to the triple lock on pensions is helping to protect households against a cost of living squeeze.<\/p>\n<p><a href=\"https:\/\/news.sky.com\/story\/money-live-tips-personal-finance-consumer-sky-news-latest-13040934\" target=\"_blank\"><strong>Money blog: Six big tax changes coming into force<\/strong><\/a><\/p>\n<div class=\"sdc-article-widget sdc-site-video\" data-testid=\"site-video\">\n<div class=\"ui-video-player\" data-component-name=\"ui-video-player\" data-testid=\"video-player\" data-autoplay=\"false\" data-orientation=\"\" data-disable-ads=\"\" data-disable-post-rolls=\"\" data-ad-tag=\"20346936\/skynews\/videoplayer\" data-content-source-id=\"2537425\" data-show-captions=\"\" data-account-id=\"6058004172001\" data-player-id=\"FeuO55X2f\" data-video-id=\"e26b17a8-4fcc-4662-aec4-7e4b111eaa82\" data-auto-change-orientation=\"\" data-autoload=\"false\" data-pause-if-visibility-changes=\"mobile\" id=\"\" data-id=\"\" data-deferred-load=\"\" data-captions-position=\"lower-third\" data-share-url=\"https:\/\/news.sky.com\/share\/13527421\">\n              <button class=\"ui-video-player-poster\" title=\"Farage defends pension plans and Trump ties\" data-testid=\"video-player-poster\"><\/p>\n<div class=\"ui-video-player-poster-wrapper\">\n        <noscript>You need javascript enabled to view this content<\/noscript><\/p>\n<div aria-hidden=\"true\">\n            <img decoding=\"async\" src=\"https:\/\/e3.365dm.com\/26\/04\/768x432\/skynews-politics-nigel-farage_7209862.jpg?20260402223905\" srcset=\"https:\/\/e3.365dm.com\/26\/04\/768x432\/skynews-politics-nigel-farage_7209862.jpg?20260402223905 700w, https:\/\/e3.365dm.com\/26\/04\/384x216\/skynews-politics-nigel-farage_7209862.jpg?20260402223905 360w\" class=\"ui-video-player-poster-image\" alt=\"\" data-testid=\"video-player-poster-image\"\/><\/p><\/div>\n<\/p><\/div>\n<p>  <\/button><\/p>\n<div class=\"ui-video-player-body\" inert=\"\">\n                <video-js class=\"ui-video-player-tag\" playsinline=\"\" poster=\"\"\/><br \/>\n                 <button class=\"ui-share-button\" data-share-title=\"\" data-share-url=\"https:\/\/news.sky.com\/share\/13527421\" data-component-name=\"ui-share-button\" data-could-not-share=\"\" data-type=\"compact\" data-tracking-label=\"\/share-button\/video\"><br \/>\n    <noscript>Enable javascript to share<\/noscript><br \/>\n    <span class=\"ui-share-button-label\" data-role=\"share-label\" aria-live=\"polite\">Share<\/span><br \/>\n    <svg class=\"ui-share-button-icon\" width=\"20\" height=\"22\" fill=\"none\" version=\"1.1\" viewbox=\"0 0 20 22\"><path d=\"m17 0c0.0557 0 0.111 9e-4 0.166 0.0039 0.977 0.0363 1.91 0.553 2.44 1.46 0.266 0.456 0.39 0.954 0.392 1.45 1e-3 0.0314 0.0029 0.063 0.0029 0.0947 0 1.66-1.34 3-3 3-0.699 0-1.34-0.241-1.85-0.643l-9.17 5.25c0.0165 0.128 0.0263 0.258 0.0263 0.39 0 0.132-0.0099 0.261-0.0263 0.389l9.18 5.25c0.51-0.4 1.15-0.641 1.85-0.641 1.66 0 3 1.34 3 3 0 0.0314-0.0019 0.0626-0.0029 0.0938-0.0015 0.492-0.126 0.99-0.392 1.45-0.525 0.902-1.46 1.42-2.44 1.46-0.055 3e-3 -0.11 0.0049-0.166 0.0049-1.66 0-3-1.34-3-3 0-0.106 5e-3 -0.21 0.0157-0.312l-9.23-5.28c-0.5 0.372-1.12 0.596-1.79 0.596-1.66 0-3-1.34-3-3s1.34-3 3-3c0.671 0 1.29 0.223 1.79 0.595l9.23-5.28c-0.0106-0.102-0.0157-0.206-0.0157-0.312 0-1.66 1.34-3 3-3z\" role=\"presentation\"\/><\/svg><br \/>\n    <svg class=\"ui-share-button-tick\" width=\"16\" height=\"16\" fill=\"none\" version=\"1.1\" viewbox=\"0 0 16 16\"><path d=\"m15.7 2.69c0.39 0.391 0.39 1.02 0 1.41l-9.8 9.8-0.0762 0.0683c-0.131 0.107-0.283 0.176-0.44 0.206-0.0943 0.0182-0.191 0.0228-0.286 0.0137-0.0321-0.0031-0.064-0.0076-0.0957-0.0137-0.0631-0.0122-0.125-0.0302-0.186-0.0547-0.12-0.0488-0.233-0.122-0.33-0.22l-4.19-4.19c-0.39-0.391-0.39-1.02 0-1.41l0.694-0.694 4.21 4.2 9.81-9.81 0.694 0.694z\" role=\"presentation\"\/><\/svg><br \/>\n<\/button>  <\/div>\n<\/p><\/div>\n<p>\n                    <span class=\"ui-media-caption__caption-text\" data-role=\"caption-text\" data-testid=\"caption-text\">Farage defends pension plans and Trump ties<\/span>\n                <\/p>\n<\/p><\/div>\n<p>All of this comes as the Iran war causes global oil prices to surge, with a direct impact on motorists at the petrol pump.<\/p>\n<p>But some critics, including the Institute for Fiscal Studies, have argued that the triple lock should be scrapped &#8211; and &#8220;a better approach is needed&#8221;.<\/p>\n<p>Last year, the thinktank had warned the generosity of this policy has a &#8220;substantial and growing impact on public finances&#8221;, especially as the population ages.<\/p>\n<p>The IFS had written: &#8220;The OBR estimates that spending on the state pension will rise by around \u00a380bn in today&#8217;s terms by the 2070s, and over half of this increase is projected to be due to the triple lock.<\/p>\n<p>&#8220;But under a more volatile economic environment the triple lock could cost an extra 1.5% of national income &#8211; or \u00a344bn in 2025 terms &#8211; on top of this.&#8221;<\/p>\n<p><strong>Read more:<\/strong><br \/><a href=\"https:\/\/news.sky.com\/story\/all-the-changes-coming-in-april-that-will-affect-your-money-13521275\" target=\"_blank\"><strong>Here&#8217;s all the bills and taxes rising this month<\/strong><\/a><\/p>\n<div class=\"sdc-article-widget sdc-site-video\" data-testid=\"site-video\">\n<div class=\"ui-video-player\" data-component-name=\"ui-video-player\" data-testid=\"video-player\" data-autoplay=\"false\" data-orientation=\"\" data-disable-ads=\"\" data-disable-post-rolls=\"\" data-ad-tag=\"20346936\/skynews\/videoplayer\" data-content-source-id=\"2537425\" data-show-captions=\"\" data-account-id=\"6058004172001\" data-player-id=\"FeuO55X2f\" data-video-id=\"7830a539-eedf-4721-b4e9-5c2b1086afe7\" data-auto-change-orientation=\"\" data-autoload=\"false\" data-pause-if-visibility-changes=\"mobile\" id=\"\" data-id=\"\" data-deferred-load=\"\" data-captions-position=\"lower-third\" data-share-url=\"https:\/\/news.sky.com\/share\/13472282\">\n              <button class=\"ui-video-player-poster\" title=\"Are Tories committed to triple lock? \" data-testid=\"video-player-poster\"><\/p>\n<div class=\"ui-video-player-poster-wrapper\">\n        <noscript>You need javascript enabled to view this content<\/noscript><\/p>\n<div aria-hidden=\"true\">\n            <img decoding=\"async\" src=\"https:\/\/e3.365dm.com\/25\/11\/768x432\/skynews-immigration-badenoch_7085024.jpg?20251118135638\" srcset=\"https:\/\/e3.365dm.com\/25\/11\/768x432\/skynews-immigration-badenoch_7085024.jpg?20251118135638 700w, https:\/\/e3.365dm.com\/25\/11\/384x216\/skynews-immigration-badenoch_7085024.jpg?20251118135638 360w\" class=\"ui-video-player-poster-image\" alt=\"\" data-testid=\"video-player-poster-image\"\/><\/p><\/div>\n<\/p><\/div>\n<p>  <\/button><\/p>\n<div class=\"ui-video-player-body\" inert=\"\">\n                <video-js class=\"ui-video-player-tag\" playsinline=\"\" poster=\"\"\/><br \/>\n                 <button class=\"ui-share-button\" data-share-title=\"\" data-share-url=\"https:\/\/news.sky.com\/share\/13472282\" data-component-name=\"ui-share-button\" data-could-not-share=\"\" data-type=\"compact\" data-tracking-label=\"\/share-button\/video\"><br \/>\n    <noscript>Enable javascript to share<\/noscript><br \/>\n    <span class=\"ui-share-button-label\" data-role=\"share-label\" aria-live=\"polite\">Share<\/span><br \/>\n    <svg class=\"ui-share-button-icon\" width=\"20\" height=\"22\" fill=\"none\" version=\"1.1\" viewbox=\"0 0 20 22\"><path d=\"m17 0c0.0557 0 0.111 9e-4 0.166 0.0039 0.977 0.0363 1.91 0.553 2.44 1.46 0.266 0.456 0.39 0.954 0.392 1.45 1e-3 0.0314 0.0029 0.063 0.0029 0.0947 0 1.66-1.34 3-3 3-0.699 0-1.34-0.241-1.85-0.643l-9.17 5.25c0.0165 0.128 0.0263 0.258 0.0263 0.39 0 0.132-0.0099 0.261-0.0263 0.389l9.18 5.25c0.51-0.4 1.15-0.641 1.85-0.641 1.66 0 3 1.34 3 3 0 0.0314-0.0019 0.0626-0.0029 0.0938-0.0015 0.492-0.126 0.99-0.392 1.45-0.525 0.902-1.46 1.42-2.44 1.46-0.055 3e-3 -0.11 0.0049-0.166 0.0049-1.66 0-3-1.34-3-3 0-0.106 5e-3 -0.21 0.0157-0.312l-9.23-5.28c-0.5 0.372-1.12 0.596-1.79 0.596-1.66 0-3-1.34-3-3s1.34-3 3-3c0.671 0 1.29 0.223 1.79 0.595l9.23-5.28c-0.0106-0.102-0.0157-0.206-0.0157-0.312 0-1.66 1.34-3 3-3z\" role=\"presentation\"\/><\/svg><br \/>\n    <svg class=\"ui-share-button-tick\" width=\"16\" height=\"16\" fill=\"none\" version=\"1.1\" viewbox=\"0 0 16 16\"><path d=\"m15.7 2.69c0.39 0.391 0.39 1.02 0 1.41l-9.8 9.8-0.0762 0.0683c-0.131 0.107-0.283 0.176-0.44 0.206-0.0943 0.0182-0.191 0.0228-0.286 0.0137-0.0321-0.0031-0.064-0.0076-0.0957-0.0137-0.0631-0.0122-0.125-0.0302-0.186-0.0547-0.12-0.0488-0.233-0.122-0.33-0.22l-4.19-4.19c-0.39-0.391-0.39-1.02 0-1.41l0.694-0.694 4.21 4.2 9.81-9.81 0.694 0.694z\" role=\"presentation\"\/><\/svg><br \/>\n<\/button>  <\/div>\n<\/p><\/div>\n<p>\n                    <span class=\"ui-media-caption__caption-text\" data-role=\"caption-text\" data-testid=\"caption-text\">Nov: Are Tories committed to triple lock? <\/span>\n                <\/p>\n<\/p><\/div>\n<p>Work and Pensions Secretary Pat McFadden said: &#8220;I know global shocks, and the effects they have on our living costs, will be increasing anxiety for many households.<\/p>\n<p>&#8220;This government will always protect our pensioners, and that&#8217;s why we are raising the full rate of the new state pension by up to \u00a3575 this coming year.&#8221;<\/p>\n<p>Earlier this week, Reform UK joined other major British political parties in committing to keep the pension triple lock.<\/p>\n<p>At a news conference on Thursday, its economics spokesperson Robert Jenrick said this would be achieved by cutting the benefits bill by billions of pounds.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.sky.com\/story\/over-12m-people-to-benefit-from-state-pension-increase-tomorrow-13528096\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 12 million people will see their state pension rise by \u00a3575 a year from tomorrow. The triple lock guarantee means it increases every April&hellip;<\/p>\n","protected":false},"author":1,"featured_media":41502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-41501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-news"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/41501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41501"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/41501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/41502"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}