What Will State Pension Be in 2022?

This means that in 2022 the state pension increased by 3.1% in April. This was the consumer price index (CPI) rate of inflation in September 2021 (which is when the rate is set) and is higher than 2.5%.

How much will my state pension increase be in 2022?

Rather than give pensioners an eight per cent uplift in line with wages, ministers created a double lock, severing the link between wage growth and pensions. This system dictated April 2022's increase of 3.1 per cent, based on September 2021's inflation figure.

Will the state pension increase in 2022?

The government temporarily suspended the wages element of the pensions triple lock for 2022-23 to avoid a disproportionate rise of the state pension following the pandemic. Under triple lock, the state pension is increased by the highest of earnings growth, price inflation or 2.5 per cent a year.