- The UK state pension is projected to rise by 3.9 per cent next April following the latest average wage growth figures.
- Office for National Statistics data shows average weekly wages grew by 3.9 per cent between May and July.
- Under the triple lock rule, the state pension increases by the highest of wage growth, inflation, or 2.5 per cent.
- A 3.9 per cent increase would lift the full new state pension by around £9.40 to approximately £250.70 per week, leaving pensioners about £489 better off each year.
- The Department for Work and Pensions will formally confirm the final payment rates during the Autumn Statement after September inflation data is published.
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