Silvers could see sharp increases in their state pensions next spring with Office for National Statistics data showing private sector wages grew by 8.2% between April and June. Experts suggest full state pensions could rise by up to £869 in April with wages, rather than inflation, the determining factor. Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, said the May–July wage figure and September’s inflation (published in October) would indicate what the 2024-25 pension rise would be under the triple lock. “Something in the region of 7% is not out of the question”, pushing the full amount to over £11,300.

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