In April 2023, the State Pension increased by 10.1% in line with the rise in inflation as measued by the Consumer Price Index for September 2022.

This sees the return of the triple lock for State Pensions, which was suspended following the COVID-19 pandemic. The triple lock system is used to increase State Pensions using whichever measure is the highest out of inflation, average wage growth or 2.5%. The ‘old’ basic State Pension increased from £141.85 to £156.20 a week, and the new State Pension increased from £185.15 to £203.85 a week.