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Statutory Instruments

2026 No. 133

PENSIONS

The Guaranteed Minimum Pensions Increase Order 2026

Made

16th February 2026

Coming into force

6th April 2026

The Secretary of State makes this Order in exercise of the power conferred by section 109(4) of the Pension Schemes Act 1993(1).

In accordance with section 109(1) of that Act, the Secretary of State has reviewed the general level of prices in Great Britain for the period of 12 months commencing on 1st October 2024 and it appears to the Secretary of State that the general level of prices was greater by 3.8 per cent. at the end of that period than it was at the beginning of that period.

In accordance with section 109(2) of that Act(2), a draft of this Order has been laid before and approved by a resolution of each House of Parliament.

Citation, commencement and extent

1.—(1) This Order may be cited as the Guaranteed Minimum Pensions Increase Order 2026 and comes into force on 6th April 2026.

(2) This Order extends to England and Wales and Scotland.

Increase of guaranteed minimum pensions

2. For the purposes of section 109(2) and (3) of the Pension Schemes Act 1993, the percentage by which there is to be an increase of the rate of that part of guaranteed minimum pensions which is attributable to earnings factors for the tax years in the relevant period(3) is 3 per cent.

Signed by authority of the Secretary of State for Work and Pensions

Torsten Bell

Parliamentary Under Secretary of State

Department for Work and Pensions

16th February 2026

(2)

Section 109(2) was amended by section 55(a) of the Pensions Act 1995 (c. 26) and S.I. 2005/2050.

(3)

For the meaning of “relevant period”, see section 109(3A) of the Pension Schemes Act 1993 which was inserted by section 55(b) of the Pensions Act 1995 and amended by paragraph 40 of Schedule 13 to the Pensions Act 2014 (c. 19).

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Guaranteed Minimum Pensions Increase Order 2026 (2026/133)
Version from: original only

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