£490 State Pension Boost Confirmed
Millions of UK State Pensioners are set to receive a higher payment from April 2027 after the Government confirmed a 3.9% increase under the Triple Lock.
The full new State Pension will rise from £241.30 a week to around £250.70, adding approximately £9.40 a week. Over 52 weeks, that is worth around £488.80 extra a year.
When Does the Increase Start?
The new State Pension and benefit rates will mainly come into effect from 12 April 2027.
This does not mean every pensioner will receive their increased payment on exactly 12 April. State Pension is normally paid every four weeks, and individual payment dates depend on the last two digits of the National Insurance number.
Why Is It Going Up?
The 3.9% increase comes from the earnings element of the Triple Lock. Average weekly earnings growth of 3.9% was higher than the relevant inflation figure of 3.5%, so earnings determined the 2027/28 increase.
The Government has therefore confirmed that the full annual new State Pension will rise to around £13,036.40.
Who Gets the Full Increase?
Not every pensioner receives the full new State Pension. Your actual amount depends on your National Insurance record and individual State Pension entitlement.
People receiving less than the full rate will generally receive a smaller cash increase.
The older basic State Pension is also increasing by 3.9%, with the full rate rising by around £375 over a year.
Check Your Payment Date
State Pension payments are normally made every four weeks. Your payment day is determined by the last two digits of your National Insurance number, with payments sometimes arriving earlier around bank holidays.
So, the key date to remember is 12 April 2027, when the new rates mainly take effect. The exact day the higher amount reaches your bank account will depend on your normal State Pension payment schedule.