Pensioners - Your Annual Increase

Mar 20 2020


Your pension is reviewed each year in line with the Consumer Price Index (CPI). Every year, HM Treasury sets the increase which is then approved by parliament. This year, the increase will take effect on 6 April 2020.

Your pension will not normally be reviewed until you reach your 55th birthday, except in some instances of ill health retirements or for dependant pensions.

If your pension came into payment before 22 April 2019, and you are over age 55, you will receive the full increase of 1.7% from 6 April 2020.

You may receive only part of the full pension increase in your first year of retirement, if you left after 21 April 2019.

Please note that as this increase is from 6 April 2020, you will find a part month increase in your April payment and the full increase in your May payment.