The pensions increase for 2024 is 6.7%
If your pension began after 24th April 2023, you will not receive the full increase. The table below shows the percentage increase based on the date your pension started.
| From | To | % |
| 24/02/2024 | 25/03/2024 | 0.56 |
| 24/01/2024 | 25/02/2024 | 1.12 |
| 24/12/2023 | 25/01/2024 | 1.68 |
| 24/11/2023 | 25/12/2023 | 2.23 |
| 24/10/2023 | 25/11/2023 | 2.79 |
| 24/09/2023 | 25/10/2023 | 3.35 |
| 24/08/2023 | 25/09/2023 | 3.91 |
| 24/07/2023 | 25/08/2023 | 4.47 |
| 24/06/2023 | 25/07/2023 | 5.03 |
| 24/05/2023 | 25/06/2023 | 5.58 |
| 24/04/2023 | 25/05/2023 | 6.14 |
| 24/03/2023 | 25/04/2023 | 6.7 |
When will my pension increase?
The increase will be applied from 8th April 2024. As this is part way through the month you will receive a partial increase for the month and then the full increase will be applied in May.
You will receive a payslip in April and May to show the increase to your pension. Your P60 will also be issued in May.
Will I get the full increase?
You will only receive the full increase if:
- You are over 55 or under 55 but retired on ill health (if under 55 and didn't retire on ill health your increase will be applied from your 55th birthday)
- Your pension payments began on or before 24th April 2023
Previous pension increases
The pensions increase for 2023 was 10.1%
The pensions increase for 2022 was 3.1%
The pensions increase for 2021 was 0.5%
The pension increase for 2020 was 1.7%.
The pension increase for 2019 was 2.4%.
The pension increase for 2018 was 3.0%.
The pension increase for 2017 was 1%.
There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%. LGPS pensions did not go down from April 2016 despite the UK being in deflation.
The pension increase for 2015 was 1.2%
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