The Pensions Increase (Review) Order 2025
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Change 1
3 Pension increase: annual rate and lump sums
(1) This article applies to an official pension if— (a) a qualifying condition is satisfied; or (b) the pension is— (i) a derivative pension; (ii) a substituted pension; or (iii) a relevant injury pension. (2) In relation to any period on or after 7th April 2025, the pension authority may increase the annual rate of the pension— (a) for a pension which began before 8th April 2024, by 1.7 per cent; (b) for a pension which began on or after 8th April 2024, by 1.7 per cent multiplied by— A 12 where A is the number of complete months in the period between the beginning date of the pension and 7th April 2025. (3) In relation to a lump sum which is payable on or after 8th April 2024 but before 7th April 2025, the pension authority may increase the lump sum by 1.7 per cent multiplied by— A 12 where A is the number of complete months in the period between the beginning date of the lump sum (or, if later, 8th April 2024) and the date on which it becomes payable.
3 Pension increase: annual rate and lump sums
(1) This article applies to an official pension if— (a) a qualifying condition is satisfied; or (b) the pension is— (i) a derivative pension; (ii) a substituted pension; or (iii) a relevant injury pension. (2) In relation to any period on or after 7th April 2025, the pension authority may increase the annual rate of the pension— (a) for a pension which began before 8th April 2024, by 1.7 per cent; (b) for a pension which began on or after 8th April 2024, by 1.7 per cent multiplied by— A 12 where A is the number of complete months in the period between the beginning date of the pension and 7th April 2025. (3) In relation to a lump sum which is payable on or after 8th April 2024 but before 7th April 2025, the pension authority may increase the lump sum by 1.7 per cent multiplied by— A 12 where A is the number of complete months in the period between the beginning date of the lump sum (or, if later, 8th April 2024) and the date on which it becomes payable.
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