When will my pension increase and how is increase decided?
Your pension increases every year on the first Monday after 5 April. The increase is in line with inflation measured against price changes during the year to September.
What happens if there is negative inflation?
The good news is that your pension will not go down. It will stay the same if there is negative inflation.
Why has my pension not gone up by the full percentage increase?
If you are getting your state pension and have scheme membership between April 1978 and April 1997, the increase to your pension will be split between the SYPA and your state pension.
Why have I received my April pension and have not received an increase?
- If you took early retirement (not including ill health) and are under 55 years old, you do not get increases until your 55th birthday. We will write to you shortly before your 55th birthday to tell you about the increase to your pension.
- Occasionally we have to delay the calculation of pensions increase while we get your guaranteed minimum pension (GMP) details. If this happens, we will write to you to let you know, and tell you what we are doing to get it sorted.
Pensions Increase announcements for each year are available in the
news section.
Where can I find more information?
How are increases calculated
– find out which measures of inflation are used and the previous increases applied
Increases from State Pension Age
– find out how your pension between 1978 and 1997 increases after you start to receive your state pension
Previous years' increases are shown below:
| April 2023 |
10.1% |
| April 2022 |
3.1% |
| April 2021 |
0.5% |
| April 2020 |
1.7% |
| April 2019 |
2.4% |
| April 2018 |
3.0% |
| April 2017 |
1.0% |
| April 2016 |
0.0% |
| April 2015 |
1.2% |
| April 2014 |
2.7% |
| April 2013 |
2.2% |
| April 2012 |
5.2% |
| April 2011 |
3.1% |