Tuesday, 14 October 2014

State pension set to rise by 2.5 per cent next year

Pensioners will benefit from a 2.5 per cent increase in their state pension thanks to the Liberal Democrat Triple Lock guarantee.

Figures out today (14 October) show that inflation is below target meaning that the basic state pension will be boosted by 2.5 per cent next year.

The Triple Lock guarantee means that pensions will increase with inflation, earnings or 2.5 per cent - whichever is highest.

Follow this link for more info: http://ift.tt/1qmOvxj