Warning 453,000 people will miss out on £920 in state pension payments
manchestereveningnews.co.ukHundreds of thousands of people in a special category will miss out on state pension rises, critics are warning. A total of around 453,000 state pensioners will be affected in what some are calling an 'injustice'.
Those who will be affected are UK citizens. But their decision to relocate is costing them money. First of all, it is important to weigh up what is happening with the next set of pension increases.
The annual State Pension rise in April is likely to be determined by the earnings growth measure of the Triple Lock, following recent figures released by the Office for National Statistics (ONS).
The Triple Lock ensures that the New and Basic State Pensions rise each year in line with either the average annual earnings growth from May to July, the Consumer Prices Index (CPI) in the year to September, or 2.5 per cent.
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