Personal Finance

State pension: How to check how much you're owed after retirement

Those figures being 2.5 percent, the rate of average earnings growth, or the rate of inflation.

However, due to irregularities when it comes to average earnings growth the process was scrapped for the 2022-23 tax year.

Consequently, the state pension will be rising by 3.1 percent next year – which brings it in line with inflation.

In its full entitlement, the new state pension will rise from £179.60 to £185.15 – an increase of £5.55 per week.


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