State pensioners could be due an uplift of £517 a year if current wage growth inflation rates are to remain the same next month, experts have said.

Each year, the state pension increases according to the triple lock pledge, which ensures it rises by the highest of three measures: inflation, wage growth, or 2.5 percent.

With wage inflation appearing the most “robust” of the three figures, experts predict this metric will be used to determine the next state pension payment rate rise.

The Government takes September’s data to determine the increase and if wage growth sustains its current rate, pensioners could be in with an income boost worth hundreds of pounds a year.

Helen Morrissey, head of retirement analysis at Hargreaves Lansdown said: “Wage growth remains robust, so it’s highly likely that next month’s figure will be the one used to uprate state pension under the triple lock.

“This month’s figure comes in at 4.5 percent - way down on last month’s 5.7 percent, but it has been affected by the payment of one-off bonuses in the NHS last year.

“If the figure were to remain the same next month, then we could see the full new state pension get a boost of around £517 – taking it to approx. £12,019 per year.”

The current payment rates of state pensions include:

The full basic state pension is available to:

• Men born before April 6, 1951
• Women born before April 6, 1953.

The new state pension is available to:

• Men born on or after April 6, 1951
• Women born on or after April 6, 1953.

To receive any rate of state pension, people must have at least 10 qualifying years on their National Insurance record. The number of qualifying years on this record is used to determine how much state pension a person will receive but usually, to get the full rate, a person should have at least 30.

Ms Morrissey said that such a rise will be welcomed by pensioners still emerging from the cost-of-living crisis.

However, she noted: “With many still reeling from the news that their Winter Fuel payment is to be taken away, it won’t be quite the boost that many hoped for.”

She continued: “There’s another looming challenge - frozen tax thresholds mean that the full new state pension is creeping ever closer to tax-paying territory and a similar rise next year could see it surpass it.

“With these freezes in place until 2028, there’s every chance, we could see pensioners solely reliant on the state pension finding part of it is making its way to the taxman.”

Chancellor Rachel Reeves will confirm state pension rate changes during the Autumn Statement in November.