Warning triple lock rising costs could mean further tax increases

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State pension payments go up each April in line with the triple lock Pensions experts have voiced concerns that the triple lock could soon become unaffordable for the Government. The policy ensures that the state pension increases each April in line with the highest of the rise in average earnings, inflation or 2.5 percent. State pension rates are predicted to rise by 4.7 per cent next year, using the earnings metric, boosting the full new state pension to over £12,500 a year. Experts have

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Warning triple lock rising costs could mean further tax increases http://www.mirror.co.uk - 29.09.2025 13:05

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Warning triple lock rising costs could mean further tax increases http://www.mirror.co.uk - 29.09.2025 13:05