Your deferred benefits are adjusted annually in line with Pension Increase Orders, which is based on the increase in the Consumer Prices Index over the 12 month period to September 2024.
This means that there’s an increase of 1.7% applied to your deferred benefits, from Monday 7 April 2025.
However, if your pension hasn’t been deferred for at least a full year by April 2025, then you might receive a smaller increase. This is because the increase is pro-rated.