{
  "url": "https://openlegislation.uk/pensions-increase-review-order-2024/article-3",
  "json_url": "https://openlegislation.uk/pensions-increase-review-order-2024/article-3.json",
  "legislation": "uksi/2024/331",
  "legislation_title": "The Pensions Increase (Review) Order 2024",
  "legislation_url": "https://openlegislation.uk/pensions-increase-review-order-2024",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Pension increase: annual rate and lump sums",
  "text": "(1) This article applies to an official pension if—\n(a) a qualifying condition is satisfied; or\n(b) the pension is—\n(i) a derivative pension;\n(ii) a substituted pension; or\n(iii) a relevant injury pension.\n(2) In relation to any period on or after 8th April 2024, the pension authority may increase the annual rate of the pension—\n(a) for a pension which began before 10th April 2023, by 6.7 per cent;\n(b) for a pension which began on or after 10th April 2023, by 6.7 per cent multiplied by—\nA 12 where A is the number of complete months in the period between the beginning date of the pension and 8th April 2024.\n(3) In relation to a lump sum which is payable on or after 10th April 2023 but before 8th April 2024, the pension authority may increase the lump sum by 6.7 per cent multiplied by—\nA 12 where A is the number of complete months in the period between the beginning date of the lump sum (or, if later, 10th April 2023) and the date on which it becomes payable.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 3 in force at 8.4.2024, see art. 1(1)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 59(5) of the Social Security Pensions Act 1975 provides that increases in the rate of a pension are to be calculated by reference to the basic rate of the pension as authorised to be increased by section 1 of the Pensions (Increase) Act 1971 or by an order under section 2 of that Act or section 59 of the Social Security Pensions Act 1975."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/331/article/3",
    "retrieved_at": "2026-10-28T21:33:02.307099+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}