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The Annual Pensions Increase award for 2024 is 6.70%.

If you left or retired on or after 24 April 2023 you are not entitled to receive the full increase of 6.70% as your pension has not been in payment for a full year. Please see the table below for details of the increases that will be applied in this instance:

Pension beginning on or after Amount of Increase Pension beginning on or after Amount of Increase
24 April 2023 6.14% 24 October 2023 2.79%
24 May 2023 5.58% 24 November 2023 2.23%
24 June 2023 5.03% 24 December 2023 1.68%
24 July 2023 4.47% 24 January 2024 1.12%
24 August 2023 3.91% 24 February 2024 0.56%
24 September 2023 3.35% 24 March 2024 0.00%

The amount of your pension increase is set by HM Treasury under the Pension (Increase) Act 1971.

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