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State Pension Expected to Increase by £488 in April
The state pension in the UK is anticipated to rise by £488 to £13,036.40 annually in April, based on current earnings figures. The triple lock policy, which ensures pension increases based on wage growth, inflation, or a minimum of 2.5%, is under scrutiny due to concerns about its affordability. Nearly 13 million people receive the state pension, and the increase will be confirmed following the release of inflation figures next month.
People
Ruth Curtice
Liam McLaughlin
Our neutral summary
The state pension in the UK is anticipated to rise by £488 to £13,036.40 annually in April, based on current earnings figures. The triple lock policy, which ensures pension increases based on wage growth, inflation, or a minimum of 2.5%, is under scrutiny due to concerns about its affordability. Nearly 13 million people receive the state pension, and the increase will be confirmed following the release of inflation figures next month.
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