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UK state pension: ONS earnings growth likely to drive next April's triple lock uplift; winter fuel allowance cut for non-pension credit recipients

Published on: 14 August 2024

Published by a Law360 reporter
Legal News
Article summary

For pensioners aged over 66, the state pension could climb by £517 from April 2024, provided the data continues to indicate figures at the same level as before. The triple lock raises the state pension each April by applying the highest of average earnings growth, inflation, or 2.5%, whichever measure turns out to be the highest reading. According to figures released by the Office for National Statistics (ONS) on 13 August 2024, earnings rose by 4.5% between April 2024 and June when set against the corresponding period in 2023...

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