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State pensions are going up by £550 – here’s why the triple lock has nothing to do with it
“Pensioners will get more money next year thanks to our commitment to the triple lock.” This is the post that Chancellor Rachel Reeves made on social media platform X this morning. She is referring to ...
What is the state pension triple lock? The state pension triple lock is the promise that the UK's state pension will always rise each year at least in line with the higher of inflation, average wage ...
Millions of retirees will not benefit from the state pension triple lock next April - and potentially miss out on a 4.6% uplift - new data suggests. The triple lock ensures that the state pension ...
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What is the state pension triple lock?
The UK state pension increases each year under the triple lock, in an attempt to prevent the state pension from losing value in real terms. Under the mechanism, millions see their payments rise by the ...
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