# The Occupational Pensions (Revaluation) Order 2025

S.I. 2025/1211 · made 19 November 2025

Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the purpose of the revaluation of benefits payable to or in respect of persons who attain their scheme’s normal pension age in 2026, and as required by paragraph 2 of Schedule 3 to that Act, this Order specifies the necessary revaluation percentages for each of the revaluation periods between 1st January 1986 and 31st December 2025. It is not necessary to specify a lower revaluation percentage for revaluation periods which start before 1st January 2009.

Made under: Pension Schemes Act 1993 (Section 182, Schedule 3 paragraph 2)

PDFs: Printed copy https://openlegislation.uk/occupational-pensions-revaluation-order-2025/pdf/uksi_20251211_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/occupational-pensions-revaluation-order-2025/pdf/uksiem_20251211_en_001.pdf

## Introductory text

PENSIONS
Made 19th November 2025
Laid before Parliament 21st November 2025
Coming into force 1st January 2026
The Secretary of State makes this Order in exercise of the powers conferred by section 182(2) of, and paragraph 2(1) of Schedule 3 to, the Pension Schemes Act 1993.

## 1 Citation, commencement and extent

(1) This Order may be cited as the Occupational Pensions (Revaluation) Order 2025 and comes into force on 1st January 2026.
(2) This Order extends to England and Wales and Scotland.

## 2 The higher and lower revaluation percentages for each revaluation period

For the purposes of paragraph 1 of Schedule 3 to the Pension Schemes Act 1993 (methods of revaluing accrued pension benefits: the final salary method), for each revaluation period specified in an entry in column 1 of the table—
(a) the higher revaluation percentage is the percentage specified in the corresponding entry in column 2 of that table, and
(b) the lower revaluation percentage, if any, is the percentage specified in the corresponding entry in column 3 of that table.
Column 1 Revaluation period
Column 2 Higher revaluation percentage
Column 3 Lower revaluation percentage
1st January 1986 - 31st December 2025
262.0%
1st January 1987 - 31st December 2025
251.1%
1st January 1988 - 31st December 2025
237.0%
1st January 1989 - 31st December 2025
218.8%
1st January 1990 - 31st December 2025
196.3%
1st January 1991 - 31st December 2025
167.2%
1st January 1992 - 31st December 2025
156.6%
1st January 1993 - 31st December 2025
147.7%
1st January 1994 - 31st December 2025
143.3%
1st January 1995 - 31st December 2025
138.1%
1st January 1996 - 31st December 2025
129.2%
1st January 1997 - 31st December 2025
124.4%
1st January 1998 - 31st December 2025
116.6%
1st January 1999 - 31st December 2025
109.9%
1st January 2000 - 31st December 2025
107.6%
1st January 2001 - 31st December 2025
101.0%
1st January 2002 - 31st December 2025
97.7%
1st January 2003 - 31st December 2025
94.3%
1st January 2004 - 31st December 2025
89.1%
1st January 2005 - 31st December 2025
83.4%
1st January 2006 - 31st December 2025
78.5%
1st January 2007 - 31st December 2025
72.3%
1st January 2008 - 31st December 2025
65.9%
1st January 2009 - 31st December 2025
58.0%
52.2%
1st January 2010 - 31st December 2025
60.2%
48.5%
1st January 2011 - 31st December 2025
55.4%
44.8%
1st January 2012 - 31st December 2025
47.7%
41.3%
1st January 2013 - 31st December 2025
44.5%
37.9%
1st January 2014 - 31st December 2025
40.7%
34.5%
1st January 2015 - 31st December 2025
39.1%
31.2%
1st January 2016 - 31st December 2025
39.2%
28.0%
1st January 2017 - 31st December 2025
37.8%
24.9%
1st January 2018 - 31st December 2025
33.8%
21.8%
1st January 2019 - 31st December 2025
30.7%
18.9%
1st January 2020 - 31st December 2025
28.5%
16.0%
1st January 2021 - 31st December 2025
27.6%
13.1%
1st January 2022 - 31st December 2025
21.6%
10.4%
1st January 2023 - 31st December 2025
12.6%
7.7%
1st January 2024 - 31st December 2025
5.6%
5.1%
1st January 2025 - 31st December 2025
3.8%
2.5%

## Signature

Signed by authority of the Secretary of State for Work and Pensions
Torsten Bell
Parliamentary Under Secretary of State
Department for Work and Pensions
19th November 2025

## Explanatory note

(This note is not part of the Order)
Section 84 of the Pension Schemes Act 1993 (c. 48) requires certain pensions and other benefits under occupational pension schemes to be revalued by the final salary method (which is dealt with in Schedule 3 to that Act). For the purpose of the revaluation of benefits payable to or in respect of persons who attain their scheme’s normal pension age in 2026, and as required by paragraph 2 of Schedule 3 to that Act, this Order specifies the necessary revaluation percentages for each of the revaluation periods between 1st January 1986 and 31st December 2025. It is not necessary to specify a lower revaluation percentage for revaluation periods which start before 1st January 2009.
This Order amends an existing regulatory regime by a pre-determined formula, and the administrative impact of its implementation is negligible. A full impact assessment has not been produced for this Order as no, or no significant, impact on the private, voluntary or public sector is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2025/1211 (the official version)
Page: https://openlegislation.uk/occupational-pensions-revaluation-order-2025
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.