Premier Financial Solutions

NEWS FLASH: State Pension set to INCREASE!!

The full UK state pension could rise by about £460 a year from April 2025, the latest wage growth figures suggest.

Average earnings including bonuses in the three months to July, which are used to calculate the pensions triple lock, grew by 4%, according to the Office for National Statistics, down from 4.6% year on year over the three months to June.

A commitment by the government to maintain the triple lock on the state pension, which guarantees annual increases in line with whichever is the higher of inflation, 2.5% or annual earnings, has boosted pension payments since it was introduced in 2012.

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