{"id":85195,"date":"2023-09-08T02:12:46","date_gmt":"2023-09-08T02:12:46","guid":{"rendered":"https:\/\/celebritytidings.com\/?p=85195"},"modified":"2023-09-08T02:12:46","modified_gmt":"2023-09-08T02:12:46","slug":"exact-amount-state-pension-set-to-rise-by-next-year-revealed-and-its-good-news-for-pensioners-the-sun","status":"publish","type":"post","link":"https:\/\/celebritytidings.com\/lifestyle\/exact-amount-state-pension-set-to-rise-by-next-year-revealed-and-its-good-news-for-pensioners-the-sun\/","title":{"rendered":"Exact amount state pension set to rise by next year revealed – and it's good news for pensioners | The Sun"},"content":{"rendered":"

THE state pension is set to rise by more than 8 per cent next year \u2014 after going up 10.1 per cent this year.<\/strong><\/p>\n

Treasury officials say the \u201ctriple lock\u201d will push up retirees\u2019 incomes faster than workers\u2019 wages.<\/p>\n

<\/p>\n

This year\u2019s jump protected OAPs from inflation. <\/p>\n

Next year\u2019s is driven by the 8.2 per cent annual pay growth in the April to June period.<\/p>\n

The triple lock sees pensions rise by the highest of inflation, average earnings or 2.5 per cent.<\/p>\n

The Department for Work and Pensions estimates state pension payments will reach \u00a3134billion next year, a rise of \u00a310billion.<\/p>\n

Read More on Pensions<\/span><\/h2>\n

<\/p>\n

Couple \u2018mummified OAP & strangled her before spending savings\u2019<\/h3>\n

<\/p>\n

My parents struggle to eat whilst my sister is carelessly fleecing their pension <\/h3>\n

The DWP said: \u201cThe government is committed to the triple lock.<\/p>\n

\u201cAs is the usual process, the secretary of state will conduct his statutory annual review of benefits and state pensions in the autumn, using the most recent prices and earnings indices available.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

THE state pension is set to rise by more than 8 per cent next year \u2014 after going up 10.1 per cent this year. Treasury officials say the \u201ctriple lock\u201d will push up retirees\u2019 incomes faster than workers\u2019 wages. This year\u2019s jump protected OAPs from inflation. Next year\u2019s is driven by the 8.2 per cent annual pay growth in the<\/p>\n","protected":false},"author":2,"featured_media":85194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\nExact amount state pension set to rise by next year revealed - and it's good news for pensioners | The Sun - Celebrity Tidings<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/celebritytidings.com\/lifestyle\/exact-amount-state-pension-set-to-rise-by-next-year-revealed-and-its-good-news-for-pensioners-the-sun\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exact amount state pension set to rise by next year revealed - and it's good news for pensioners | The Sun - Celebrity Tidings\" \/>\n<meta property=\"og:description\" content=\"THE state pension is set to rise by more than 8 per cent next year \u2014 after going up 10.1 per cent this year. 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