Pension Increases - April 2026

The rise in the Retail Prices Index for the 12 months to December 2025 – the basis of the pension increase from 1 April 2026 – was 4.18%. Any GMP (Guaranteed Minimum Pension) earned after 6 April 1988 increases in line with the rise in the Consumer Price Index, but is capped at a maximum of 3% per annum, which is the case this year. Where applicable, these increases will appear on April payslips. Please note that P60s will be sent with this payslip to minimise postage costs.

This website aims to provide a helpful summary of the provisions of the Fund and is intended for information only; it does not give rights to benefits for or in respect of you. Your rights to benefits under the Fund arise from the Trust Deed & Rules. Every effort has been made to reflect accurately the Trust Deed & Rules on this website but if there are any differences, the Trust Deed & Rules will always take precedence. Furthermore, please note that information on this website is based on current understanding of English tax and pensions law, which are subject to change at any time in the future so this site may not always accurately reflect current regulations or legislation, which would take precedence in the event of any discrepancy or claim.

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