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What is the state pension triple lock? The triple-lock guarantee, first implemented in 2011, means the state pension increases year-on-year by the highest of three measures. These are:
The pension triple-lock should be means tested to make sure the country is “growing” Conservative leader Kemi Badenoch has said, sparking criticism from Labour opponents.
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 benefits paid under basic State Pension are increased in April each year to pensioners living in the UK and in certain overseas countries which have a social security agreement with the UK that includes British pension uprating, [8] in line with the CPI. All state pensions for these pensions are protected by the "triple lock" guarantee.
The state pension triple lock has been shelved for a year, the Government announced on Tuesday.
Inflation, which is normally used to calculate the triple lock on state pensions, reached 10.1% in September. What is the triple lock and what difference does it make to pensioners? Skip to main ...
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 ...
Last year, the triple lock was suspended, with pensioners receiving a 3.1% increase. Earlier on Thursday, Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown, said ...