State Retirement Pensions: Expenditure
(asked on 16th September 2025) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what estimate he has made of the cost to the public purse of the State Pension by July 2029.
This question was answered on 14th October 2025
The Department’s latest forecasts estimate around £169 billion (in nominal terms) will be spent on the State Pension in 2029/30.
Forecasts are presented on a financial year basis, as the Department does not produce totals by a specific calendar month, such as July 2029.