Autumn Budget 2024: State pension and Pension Credit to rise 4.1% in April

The chancellor has confirmed that the state pension will increase in line with the triple lock, meaning the full payout will jump by £470 a year. We have all the details of how much the payments will be worth

Rachel Reeves holding red box
(Image credit: Getty Images)

Rachel Reeves has used her first Budget speech to confirm that more than 12 million pensioners will receive a 4.1% uplift to their state pension in April.

This is due to the state pension triple lock, which the government says will be maintained for the duration of this parliament.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.