State pension to rise by over £400 next year

Quick Summary:

This will take the full state pension for men who have retired since 1951 and women since 1953 to around £12,000 in 2025/26.

What is the state pension triple lock and what is it worth?

The final decision on the uprating will be made by pensions secretary Liz Kendall ahead of the Budget next month, but on Monday Chancellor Rachel Reeves reiterated the government’s backing for the triple lock until the end of this parliament.

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Article Details

Category: Business

Markets: United KingdomArgentina

Topics: Lock Government Decision State Payment Year Inflation Pension Increase Triple Winter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 10:31:20 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 22392459

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Official Website: bbc.co.uk

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News Last Updated: 15 hours ago

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