Overview
- The full New State Pension will increase to £241.30 a week and the full Basic State Pension to £184.90 a week from April 6 for the 2026–27 tax year.
- At the new rates, those on the basic scheme can receive up to £2,932.80 less per year than full new pension claimants.
- Around 8.57 million people receive the basic State Pension compared with about 4.38 million on the new scheme, according to UK Parliament figures cited in reporting.
- The legislated rise in State Pension age from 66 to 67 starts phasing in from April 2026 and will be completed by 2028, with DWP letters to notify those affected.
- The Government has set up a Pension Commission to examine saving and age-setting issues, with findings due in 2027.