The ‘triple lock’ increase to state pensions offers two important lessons.
In November’s Autumn Statement, the Chancellor, Jeremy Hunt, announced that the ‘triple lock’ would again operate on State pensions, meaning that from next April pensions rise by 10.1%, in line with the September 2022 rate of inflation. Mr Hunt applied the same increase to nearly all other benefits, a move with two important lessons for your own financial planning.
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