HM Treasury · Year ending March 2021 to Year ending March 2026 · £ million

Spending on pensions

Spending on pensions: Year ending March 2021 to Year ending March 2026ConservativeConservativeLabourLabour050k100k150k202120222023202420252026Year ending March 2021: £113.2bn £ million · published 17 July 2025Year ending March 2022: £115.8bn £ million · published 2 September 2026Year ending March 2023: £123.8bn £ million · published 2 September 2026Year ending March 2024: £140.5bn £ million · published 2 September 2026Year ending March 2025: £146.4bn £ million · published 2 September 2026Year ending March 2026: £154.9bn £ million · published 2 September 2026

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Source: HM Treasury, Public Expenditure Statistical Analyses 2026, chapter 5: expenditure by sub-function, 2026-09-02 (published 2 September 2026). Data presentation: Civometry.

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