Wojciech

Diploma for Financial Advisers
Diploma in Accounting
Member of London Institute of Banking and Finance

The new full state pension is expected to rise by £460 a year from April, according to the latest wages data. This increase comes as part of the “triple lock” system, which ensures the state pension goes up each year by either 2.5%, inflation, or average earnings growth – whichever is highest.

Earnings figures for the three months to July showed total pay rose at an annual rate of 4%, which was much higher than inflation. This means pensioners can expect a significant increase in their payments for 2025.

These yearly increases aim to help pensioners keep up with rising living costs and maintain their standard of living.