How do we work out the increase to your pension?

If you get the increase, your April pension advice will show exactly how your increase is worked out.

The Basic Pension this month shown on your April pension advice will actually be the full new monthly rate. But you don’t get this until April 8th, so the adjustment shown will adjust your April pension for the 7 days at the old rate, from April 1st to April 7th. Here's an example to show you how it works. The example is based on a pension of £200 per month. With the full 1.7% increase the new monthly pension will be £203.40 per month. (If you retired in the last year or so, check the table to see how much your increase will be.)