Adjust the State Pension triple lock from 2030
“The current State Pension Triple Lock will be maintained until April 2030. From then, it will be adjusted so the State Pension rises by at least inflation or 2.5% each year with a new link built in to keep pace with earnings over time.”
- Promised
Where it stands
The government says it will legislate for the change during this Parliament. Until April 2030 the State Pension keeps rising by the triple lock; the Budget sets the April 2027 rise.
What has happened
- Sep 2026The government says it will keep the triple lock until April 2030, then adjust it, as part of plans for a National Care Service, Promised
- Apr 2030The adjusted lock is due to apply, Deadline
About the cost
No yearly figure is shown for the years this card covers. Keeping the triple lock until April 2030 is already in the government's plans, so it adds no cost against them. After that, DWP estimates the adjusted lock spends £15bn a year less than the triple lock would by 2039-40, and £50bn a year less by 2049-50 (nominal), and says these long-term figures should not be used for any other single year.
More detail
Sources (3)
How cards are checked
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