Millions of older people receiving the New or Basic State Pension will see a 4.8 per cent increase in payments from 6 April, thanks to the Triple Lock guarantee. Other elements of the State Pension , including deferred rates, will rise by 3.8 per cent. The Triple Lock ensures that State Pensions increase each year in line with whichever is highest: average annual earnings growth from May to July (4.8%), CPI in the year to September (3.8%) or 2.5 per cent. This adjustment will result in those on