The amount Brits get paid in State Pension is set to change in 2022. Retirees are on course for a £5.55-a-week increase in the full new state pension next year.
The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) measure of inflation edged down to 3.1% in September, from 3.2% in August.
The Work and Pensions Secretary will be carrying out an annual uprating review of benefit and pension rates shortly, the outcome of which will be confirmed later this year.
Alistair McQueen, head of savings and retirement at Aviva, said: “Today’s 3.1% inflation (CPI) figure will predict the rise in the value of the state pension from April 2022. READ MORE: Martin Lewis sends two-day warning to anyone with a Tesco Clubcard “If
Read more on manchestereveningnews.co.uk
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