29 September 2026 · Announced — not in force
Pension increases could change from 2030
Pensions would keep rising, but future increases could be smaller than under the current rules.
Proposal, funding and next steps
- What is proposed
- The existing triple lock would remain until April 2030. Afterwards, increases would be at least inflation or 2.5%, with a link to wages over time.
- Funding
- The proposed savings would help pay for personal care. They are lower future spending against the existing rules, not cash available today.
- What happens next
- Legislation and the detailed pension formula; proposed start April 2030.
- What remains uncertain
- The Institute for Fiscal Studies says early savings are unlikely to cover universal social care in the next Parliament.
- What to watch — UK Facts assessment
- Whether the rules become law, how pension income compares with prices and wages, and the savings actually achieved.