UK State Pension may rise to £935/month in April due to Triple Lock formula, driven by 2.3% inflation.
UK State Pension could see an increase to £935/month next April, according to the Triple Lock calculating method, due to the UK's inflation rate dropping to 2.3% in April. The Triple Lock ensures State Pensions increase each year based on the highest of average earnings growth, CPI inflation, or 2.5%. Current earnings growth stands at 5.7%, potentially leading to a 5.7% increase in State Pensions.
June 10, 2024
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