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The triple lock guarantee returned as promised in 2022. Work and Pensions Secretary Mel Stride told the House of Commons that the pension for 2023-24 would increase in line with inflation by 10.1% ...
The triple lock ensures state pensions rise by whichever is highest out of the rate of inflation, average earnings or 2.5 per cent. Currently, it is available to all pensioners, regardless of ...
The triple lock ensures state pensions rise by whichever is highest out of the rate of inflation, average earnings or 2.5 per cent. Currently, it is available to all pensioners, regardless of ...
Asked whether this included the "triple lock" policy - under which state pension payments go up every year by the highest of inflation, average earnings or 2.5% - she replied: "That's exactly the ...
Chancellor Jeremy Hunt confirmed that the state pension will be uprated in line with inflation at 10.1% from April 2023. ‘Sigh of relief’ for pensioners as triple lock is confirmed for next ...
“The triple lock was suspended last year as wage data was deemed to have been skewed by the pandemic furlough scheme and pensioners were instead given a 3.1% increase which aligned with CPI ...
In line with the triple lock, the State Pension will rise by 4.1 per cent – up £472 a year – matching wage growth in 2024. Both increases will take effect from April 2025. Energy Price Cap ...
It will be the second significant rise in the state pension in two years, but could pull more into paying tax. Triple lock means state pension set to rise by 8.5% in April Skip to main content
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