STATE PENSION

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plaques
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Re: STATE PENSION

Post by plaques »

From Gov.UK

Annual increases
The new State Pension increases each year by whichever is the highest:

earnings – the average percentage growth in wages (in Great Britain)
prices – the percentage growth in prices in the UK as measured by the Consumer Prices Index (CPI)
2.5%

As a side issue you will notice that the increase in the minimum wage is deferred to April 2022. This increase will not affect pensions until 2023. that's if they stick to the rules. By then inflation (CPI) will be about 5% so another tweak to the rules may be on the cards.
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Stanley
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Re: STATE PENSION

Post by Stanley »

One thing is certain Ken, they'll not let us have the lot if it gets back to a reasonable figure....
Stanley Challenger Graham
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scg1936 at talktalk.net

"Beware of certitude" (Jimmy Reid)
The floggings will continue until morale improves!
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