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Daily Record
Daily Record
Lifestyle
Linda Howard

New and Basic State Pension payment rates starting next week for 12.4m older people

A survey of 2,000 UK adults by independent price comparison website NerdWallet found that more than a third of people over State Pension age said the triple lock suspension made them less trustful of UK Government pension policy.

However, Thérèse Coffey, Secretary of State for Work and Pensions, confirmed last month that the rule will be honoured for the remainder of parliament.

From Monday, April 11, the State Pension will increase by 3.1% in line with the Consumer Price Index rate of inflation in September 2021, instead of the 8% increase that would have happened if the triple lock policy maintained the increase with average wage growth.

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