Historical Rate · 2024/25 Tax Year
State Pension Rate 2025
The full New State Pension for the 2024/25 tax year (6 April 2024 to 5 April 2025) was £221.20 per week (approximately £11,502 per year). This followed an 8.5% triple-lock rise — the largest single-year increase since the New State Pension was introduced in 2016 — driven by September 2023 earnings growth. The current 2026/27 rate is £241.30/week.
2024/25 figures at a glance
Weekly rate
£221.20
Annual equivalent
~£11,502
Triple-lock rise
+8.5%
Earnings measure
This rate applied 6 April 2024 – 5 April 2025. Current rate: £241.30/week (2026/27).
How the 8.5% rise was calculated
Each April the DWP applies the triple lock by comparing three September data points and taking the highest. For the April 2024 uprating:
- Earnings (AWE, Sep 2023): 8.5% — this was the determining measure
- CPI inflation (Sep 2023): 6.7%
- 2.5% floor: always the minimum
The earnings figure was boosted by one-off NHS pay settlements and similar public-sector awards that landed in the measured period. Some commentators noted this inflated the figure relative to "underlying" earnings growth, but the triple lock uses the headline AWE figure without adjustment.
The rise took the New State Pension from £203.85/week (2023/24) to £221.20/week (2024/25) — an increase of £17.35/week or £903.20/year.
State Pension vs Personal Allowance in 2024/25
In 2024/25, the full New State Pension of £11,502/year sat below the £12,570 Personal Allowance, meaning a pensioner whose only income was the State Pension paid no income tax. However, the gap narrowed considerably — and any private pension or earnings on top were fully taxable above the frozen threshold.
| Personal Allowance 2024/25 | £12,570 |
| Full New State Pension 2024/25 | £11,502 |
| Remaining headroom | £1,068 |
New State Pension rates: 2016 to 2026
The New State Pension applies to people who reached State Pension age on or after 6 April 2016. Annual figures use 52 weeks (the DWP standard). Triple-lock suspension in 2021/22 used the 2.5% floor instead of the earnings measure.
| Tax year | Weekly | Annual (approx.) | Rise |
|---|---|---|---|
| 2026/27current | £241.30 | £12,547.60 | +4.8% |
| 2025/26 | £230.25 | £11,973.00 | +4.1% |
| 2024/252025 | £221.20 | £11,502.40 | +8.5% |
| 2023/24 | £203.85 | £10,600.20 | +10.1% |
| 2022/23 | £185.15 | £9,627.80 | +3.1% |
| 2021/22 | £179.60 | £9,339.20 | +2.5% |
| 2020/21 | £175.20 | £9,110.40 | +3.9% |
| 2019/20 | £168.60 | £8,767.20 | +3.76% |
| 2018/19 | £164.35 | £8,546.20 | +3% |
| 2017/18 | £159.55 | £8,296.60 | +2.5% |
| 2016/17 | £155.65 | £8,093.80 | +2.9% |
Sources: DWP State Pension uprating orders; gov.uk/new-state-pension. Annual figures use 52 weeks (DWP convention). The New State Pension was introduced in April 2016; pre-2016 pensioners receive the old basic State Pension under separate rules.
What about the old basic State Pension?
People who retired before 6 April 2016 receive the old basic State Pension rather than the New State Pension. The basic State Pension rates follow the same triple-lock mechanism but from a lower starting point. In 2024/25, the full basic State Pension was £169.50/week; in 2026/27 it is £184.90/week.
Many of those on the old system also receive an Additional State Pension (SERPS/S2P) on top of the basic rate, which is individually calculated based on earnings between 1978 and 2016. The two amounts are paid together as a single State Pension payment.
Frequently asked questions
Frequently Asked Questions
What was the State Pension rate in the 2024/25 tax year?
Why did the State Pension rise by 8.5% in April 2024?
Is the 2024/25 State Pension rate still paid to anyone?
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When did the New State Pension start?
How does the State Pension compare to the Personal Allowance?
Related pages
- State Pension rates — current 2026/27 — £241.30/week with full key figures
- State Pension calculator — forecast your personalised State Pension based on your NI record
- State Pension qualifying years guide — how NI years are counted and how to fill gaps
- How to top up your State Pension — voluntary Class 3 contributions explained