Retired or planning to retire
Pensions increases
This years 'Cost of Living' increase to pensions in payment is 3.8% from 6 April 2026. The full increase is only payable if your pension began on or before the 21 April 2025.
If your pension began after this date a smaller increase will be applied, called a Part Year Revaluation (PYRV).
You will not receive your full cost of living increase in April because of the date that the increase is applied. Your full month's Pension Increase will be received in May payslips.
| Pensions beginning | Increase |
|---|---|
| 7 April 2025 to 21 April 2025 | 3.8% |
| 22 April 2025 to 21 May 2025 | 3.48% |
| 22 May 2025 to 21 June 2025 | 3.17% |
| 22 June 2025 to 21 July 2025 | 2.85% |
| 22 July 2025 to 21 August 2025 | 2.53% |
| 22 August 2025 to 21 September 2025 | 2.22% |
| 22 September 2025 to 21 October 2025 | 1.9% |
| 22 October 2025 to 21 November 2025 | 1.58% |
| 22 November 2025 to 21 December 2025 | 1.27% |
| 22 December 2025 to 21 January 2026 | 0.95% |
| 22 January 2026 to 21 February 2026 | 0.63% |
| 22 February 2026 to 21 March 2026 | 0.32% |
Your annual pension is reviewed each April, so that it reflects the cost of living. The amount of Pensions Increase is based on an index specified by the Government.
Pensions Increase is currently based on the change in the Consumer Prices Index in the 12-month period up to the end of the previous September.
Past Pension Increases
| Year | Increase |
|---|---|
| 2026 | 3.8% |
| 2025 | 1.7% |
| 2024 | 6.7% |
| 2023 | 10.1% |
| 2022 | 3.1% |
| 2021 | 0.5% |
| 2020 | 1.7% |
| 2019 | 2.4% |
| 2018 | 3.0% |
| 2017 | 1.0% |
| 2016 | 0% |
| 2015 | 1.2% |
