Triple Lock on pre 2016 state pension

Mariolanza

Hello

I receive the old style state pension.
Up to April 2025, I received a weekly pension of £176. 

From April 2025, it went up to £179, s £3 increase.

When I Googled it, it said that those on the old style pension didn't qualify for the increase in the same way as the increase only applied to one part of it.

So, not only do I receive much less than those on the new pension but furthermore, the increase only applies to a portion of it!

I am far from pleased!

Dazed_and_C0nfused

Mariolanza said:

Hello

I receive the old style state pension.
Up to April 2025, I received a weekly pension of £176. 

From April 2025, it went up to £179, s £3 increase.

When I Googled it, it said that those on the old style pension didn't qualify for the increase in the same way as the increase only applied to one part of it.

So, not only do I receive much less than those on the new pension but furthermore, the increase only applies to a portion of it!

I am far from pleased!

All the different rates/increases are shown here.

https://www.gov.uk/government/publications/benefit-and-pension-rates-2025-to-2026/benefit-and-pension-rates-2025-to-2026#state-pension

hugheskevi

When I Googled it, it said that those on the old style pension didn't qualify for the increase in the same way as the increase only applied to one part of it.

The basic state pension (£176.45 p/w if eligible for full rate) qualifies for Triple Lock increases. Other types of pension, eg, SERPS or State Second Pension increase by CPI.

The new State Pension (£230.25 p/w if eligible for full rate) qualifies for Triple Lock increases. Any additional protected payment increases by CPI.

So, not only do I receive much less than those on the new pension but furthermore, the increase only applies to a portion of it!

I am far from pleased!

You are getting at least what you expected when the pension was put into payment. You also cannot ignore SERPS and State Second Pension - either you did not work and build up a second tier pension, or you contracted out and are benefitting from that through a private pension.

Rules change, including increases to the State Pension age that you probably benefited from by receiving State Pension at a younger age than most or even all of those getting new State Pension. The new State Pension is, overall, less generous than the old system. The big losers were young folk who will get far less from the new State Pension than they would have received from basic state pension and state second pension, and have to wait longer to receive it. The big winners were self-employed and contracted-out individuals, especially those aged roughly in their mid 50s and so having enough time to build up to full new State Pension.

Some you win, some you lose, that is the nature of policy risk and political change. Would you be more pleased if the Triple Lock is abolished and everyone gets CPI uprating on the whole of their State Pension?

DRS1

I am wondering if this is caused by just looking at what you get in April?  Isn't part of that payment at the old rate and part at the new?  So maybe in May you will see a higher pension payment?

dunstonh

I am far from pleased!

It must be hard getting more than was expected in your working life.   
People qualifying for the NSP don't build SERPS or S2P entitlement.  They don't pay lower NI from contracting out or having a rebate paid to an appropriate personal pension plan.   
It is impossible for someone with full qualification on the NSP to get as much as was possible on the old BSP and additional state pensions.

QrizB

Here's the OPs thread from March where this was all explained:

https://forums.moneysavingexpert.com/discussion/6598152/discrepancy-in-my-state-pension/p1

jem16

Linton said:

Mariolanza said:

Hello

I receive the old style state pension.
Up to April 2025, I received a weekly pension of £176. 

From April 2025, it went up to £179, s £3 increase.

When I Googled it, it said that those on the old style pension didn't qualify for the increase in the same way as the increase only applied to one part of it.

So, not only do I receive much less than those on the new pension but furthermore, the increase only applies to a portion of it!

I am far from pleased!

In 2024/25 the old state pension was £169.50. It went up to £176.45 this year. It seems that you have a little bit more than that. The basic part certainly rises by the triple lock. So it seems unlikely that it is due to the triple lock not applying to part of your SP.

The triple lock actually did not affect this year’s increase because CPI increased by 4.1%.

I think you should have received an SP  statement at the start of each tax year. Do you have them for the  past two years. They should make it clear what is happening.

CPI was 1.7% not 4.1%.

xylophone

In the OP's  earlier post she stated

I have been notified by DWP that my state pension would increase from April. The triple lock makes it an increase of 4.1%

My old weekly pension currently amounts to £173.81 a week. 
The new weekly pension, according to DWP, is £179.39 which is wrong. It should be £180.93. 
Over the course of the year, this will make a big difference.

She is on the old scheme.

She needs to check her letters from previous and current years (my post  in previous thread refers).

Does the 23/24  letter show

Basic State Pension  £169.50

Other elements  (additional SP/Grad)  amounting to  £4.31?

If not, what exactly does it show?

And the current year's letter?

molerat

OP has never stated in any of their posts how their pension is made up but that increase does no fit in with a full old pension.

QrizB did a quick calc on their previous post

If they have about £109 of BSP and about £65 of S2P, the sums work out.

which means they would likely be entitled to around £125 if purely under new rules.  A be careful what you wish for scenario !