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State pension 'inches away' from being taxed as triple lock pushes it up by inflation-busting 4.8%
With inflation at 3.8 per cent, wage growth will determine the state pension increase due to the triple lock, delivering ...
inews.co.uk on MSN
State pension confirmed to rise by up to £575 a year from April
The state pension is set to rise by July's bumper earnings growth figure under the triple lock, it has been confirmed ...
MILLIONS claiming the state pension will get a boost of up to £574.60 next April, which is higher than previously expected.
A financial expert has suggested that stopping any further increase in payment rates could tackle mounting costs ...
The triple lock is used to uprate the state pension every year, with the figure used being whichever is the highest of 2.5%, average wages or CPI inflation.
This means people on the full New State Pension could see payments rise by over £570 next year under the earnings growth. An ...
The triple lock creates unpredictability in public spending and disproportionately benefits better-off pensioners. A better ...
Many state pensioners may be shocked to receive a tax bill in the coming years. Payments keep going up thanks to the triple lock, which increases rates each April in line with the highest of 2.5 per ...
That means the new state pension is on track to rise from £221.20 to around £231.80 a week, or roughly £12,548 a year – ...
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