The Guaranteed Minimum Pensions Increase Order 2026
This Order makes provision for the annual increase of the part of guaranteed minimum pensions attributable to earnings factors for the tax years 1988–89 to 1996–97. Guaranteed minimum pensions are payable by defined benefit occupational pension schemes that were contracted out of the Additional State Pension between 6 April 1978 and 5 April 1997. This Order specifies the percentage for the annual increase as 3 per cent.
Lifecycle
Department
Made
16 Feb 2026
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In force
06 Apr 2026
Enabling power
The Secretary of State makes this Order in exercise of the power conferred by section 109(4) of the Pension Schemes Act 1993. 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, a draft of this Order has been laid before and approved by a resolution of each House of Parliament.
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