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The state pension may increase to just below £12,000 next year if wage growth remains higher than inflation. Annually, the state pension is adjusted by the triple lock mechanism, ensuring payments rise by either September's consumer price index (CPI) inflation rate, the average earnings growth from May to July, or 2.5%—whichever is the highest.
So with the state pension likely to increase by wage growth in the 2025-26 tax year, how can you check your state pension? Here is what you need to know.
What is the triple lock and how does it work?
Introduced by the Conservative-Liberal Democrat coalition government in 2011, the triple lock guarantee ensures that payments increase each year by whichever rate is higher from:
September’s Consumer Price Index (CPI) – a measure of inflation average earnings growth (as of July) a guaranteed minimum of 2.5% How much could state pension
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