Millions receiving the state pension will see a major increase of hundreds of pounds next year. According to figures released this morning by the Office for National Statistics (ONS), average pay went up by 8.5 per cent between May and June.
Due to the triple lock system, this means state pension should go up by the same amount or potentially even more. An 8.5 per cent increase from next April for the full new state pension would result in an increase of £902.40 a year, going up from £203.85 per week to £221.20 per week.
Meanwhile, the full basic state pension would see in an increase of £691.60 a year - or a rise from £156.20 per week to £169.50 per week. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features Darren Morgan, ONS director of economic statistics, said: "Earnings in cash terms continue to increase, at a record rate outside the pandemic-affected period.
Coupled with lower inflation, this means people's real pay is no longer falling. Unemployment continues to increase in the latest three months.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.