State Pension is expected to increase for millions of people from next April. The rise could be at least 2.5 percent as each year as it is determined by the triple lock rule.
This the UK government's commitment to increase the value of the benefit delivered by the Department for Work and Pensions (DWP) by at least 2.5%.
Therefore the pensions triple lock, introduced in 2010, ensures the UK State Pension will rise in line with whichever is highest from earnings - inflation or 2.5%. READ MORE: Woman, 20, pays £36k rent upfront for house in Alderley Edge only to decide area is 'too Tory' Currently, however, the earnings element of the rule has been temporarily suspended.
Read more on manchestereveningnews.co.uk
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