# The State Pension Debits and Credits (Revaluation) Order 2025

S.I. 2025/1220 · made 25 November 2025

This Order is made following a review under section 148AD(1) of the Social Security Administration Act 1992 (c. 5) (revaluation of new state pension debits and credits).

Made under: Social Security Administration Act 1992 (Section 148AD, Section 189)

PDFs: Printed copy https://openlegislation.uk/state-pension-debits-and-credits-revaluation-order-2025/pdf/uksi_20251220_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/state-pension-debits-and-credits-revaluation-order-2025/pdf/uksiem_20251220_en_001.pdf

## Introductory text

SOCIAL SECURITY
Made 25th November 2025
Laid before Parliament 27th November 2025
Coming into force in accordance with article 1(2)
The Secretary of State has reviewed the general level of prices in Great Britain in accordance with section 148AD(1) of the Social Security Administration Act 1992.
The Secretary of State has had regard to the earlier orders under that section, and it appears to the Secretary of State that relevant debits or credits have not, during the review period, maintained their value in relation to the general level of prices.
Accordingly the Secretary of State makes the following Order in exercise of the powers conferred by sections 148AD(2) and (3) and 189(1) and (4) of the Social Security Administration Act 1992.

## 1 Citation, commencement, extent and interpretation

(1) This Order may be cited as the State Pension Debits and Credits (Revaluation) Order 2025.
(2) This Order comes into force on—
(a) 22nd December 2025 for the purpose of making an award on a claim for a state pension under regulation 15(1) of the Social Security (Claims and Payments) Regulations 1987 (advance notice of retirement and claim for and award of pension) to a person who reaches pensionable age on or after 7th April 2026, and
(b) 6th April 2026 for all other purposes.
(3) This Order extends to England and Wales and Scotland.
(4) In this article “a state pension” means a state pension under Part 1 of the Pensions Act 2014.

## 2 Increase in the amount of relevant debits or credits

For the purposes of paragraph 3 of each of Schedules 8 and 10 to the Pensions Act 2014 (pension sharing: appropriate weekly rate and reduction), the amount of relevant debits or credits for the tax year specified in the first column of the table in the Schedule to this Order are to be increased by the percentage of their amount specified in the corresponding entry in the second column.

## 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
25th November 2025

## Percentage increase of the amounts of relevant debits or credits for the specified tax years

Tax year
Percentage increase
2016-2017
39.2
2017-2018
37.8
2018-2019
33.8
2019-2020
30.7
2020-2021
28.5
2021-2022
27.9
2022-2023
24.0
2023-2024
12.6
2024-2025
5.6
2025-2026
3.8

## Explanatory note

(This note is not part of the Order)
This Order is made following a review under section 148AD(1) of the Social Security Administration Act 1992 (c. 5) (revaluation of new state pension debits and credits).
Article 2 of this Order revalues debits and credits under section 49A(2) of the Welfare Reform and Pensions Act 1999 (c. 30) in accordance with the increase in the general level of prices.
Under paragraph 3 of each of Schedules 8 and 10 to the Pensions Act 2014 (c. 19) debits to which a person is subject (under section 14 of the Pensions Act 2014) and credits to which a person is entitled (under section 13 of the Pensions Act 2014) are revalued by the percentage specified by the last order under section 148AD to come into force before the person reached pensionable age. Pensionable age has the meaning given by the rules in paragraph 1 of Schedule 4 to the Pensions Act 1995 (c. 26).
Article 1(2) ensures that the revaluation of relevant debits or credits will apply to persons reaching pensionable age on or after 7th April 2026, including those who make an advance claim for a state pension under regulation 15(1) of the Social Security (Claims and Payments) Regulations 1987 (S.I. 1987/1968).
A full impact assessment has not been produced for this instrument 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/2025/1220 (the official version)
Page: https://openlegislation.uk/state-pension-debits-and-credits-revaluation-order-2025
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.