Triple Lock reform factsheet
Updated 6 October 2026
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This publication is available at https://www.gov.uk/government/publications/state-pension-uprating-analysis-2026/triple-lock-reform-factsheet
The current Triple Lock system
From April 2030, the government will adjust the Triple Lock, increasing the value of the State Pension every year. This means it will continue to protect pensioners against price rises and ensure they benefit as the economy grows.
The State Pension is uprated annually and is based on the Triple Lock. The Triple Lock means the basic State Pension (bSP) and the full rate of the new State Pension (nSP) increase by the highest of:
- inflation (the rise in the consumer price index)
- 2.5%
- earnings
The government has committed to uprating on the basis of the Triple Lock throughout this parliament. The full nSP is set to rise by over £2,000 and reach a record high relative to earnings over this parliament.
Changes to the Triple Lock
From April 2030, the bSP and the full rate of the nSP will rise each year by the highest of:
- inflation (the rise in the consumer price index)
- 2.5%
- the amount required to return or maintain the value of the State Pension relative to earnings
The adjusted Triple Lock will see the State Pension rise in line with average earnings over time, rather than consistently growing faster than wages.
These reforms ensure that the State Pension is sustainable, protecting pensioners of today and today’s workers when they’re pensioners.
What this means for current pensioners
Pensioners who currently receive a State Pension will continue to receive their Triple Lock pension until April 2030.
From April 2030, they will receive the adjusted State Pension, which will continue to rise every year and pensioners will continue to be protected against inflation.