April 2026 Pension Increase
Pensions from the TfL Pension Fund increase in April 2026.
This is based on the rise in the Retail Price Index over the 12 months to September 2025 which was 4.5 per cent.
Depending on the period of membership of the TfL Pension Fund, your pension may comprise of various components, some of which are not increased by the Fund at the above rate but may be increased by the State.
Fund members fall into one of two categories; Existing Members are those who joined the Fund on or before 1 April 1989 and New Members are those who joined the Fund after 1 April 1989. For the part of your pension that is increased by the Fund, the increase is capped at 5 per cent for New Members.
If you have been receiving your pension for less than a year you may receive a pro rata increase, as shown in the following table.
| Effective date | Existing Members Increase % | New Members Increase % |
| Up to 1 April 2025 | 4.500% | 4.500% |
| 2 April 2025 to 1 May 2025 | 4.125% | 4.125% |
| 2 May 2025 to 1 June 2025 | 3.750% | 3.750% |
| 2 June 2025 to 1 July 2025 | 3.375% | 3.375% |
| 2 July 2025 to 1 August 2025 | 3.000% | 3.000% |
| 2 August 2025 to 1 September 2025 | 2.625% | 2.625% |
| 2 September 2025 to 1 October 2025 | 2.250% | 2.250% |
| 2 October 2025 to 1 November 2025 | 1.875% | 1.875% |
| 2 November 2025 to 1 December 2025 | 1.500% | 1.500% |
| 2 December 2025 to 1 January 2026 | 1.125% | 1.125% |
| 2 January 2026 to 1 February 2026 | 0.750% | 0.750% |
| 2 February 2026 to 1 March 2026 | 0.375% | 0.375% |