Overview
- ONS reports total pay growth of 4.7% for May–July, making the earnings measure the likely triple lock trigger.
- On that basis, the full new state pension would rise to £241.05 a week (£12,534.60 a year), up £561.60.
- The old basic pension is projected at £184.75 a week (£9,607 a year), a £431.60 increase, with add-ons typically uprated by CPI.
- With the personal allowance frozen at £12,570, a full new pension would leave roughly £35 of headroom before income tax, pulling more pensioners into taxation.
- Ministers have pledged to retain the triple lock this Parliament, though experts flag rising long-term costs and note figures could change with CPI or any wage-data revisions.