New State Pension update for older people not due payment uprating next year

State Pension News

New State Pension update for older people not due payment uprating next year
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Liberal Democrat MP Christine Jardine raised the issue of ‘frozen’ State Pensions inParliament.

A 99-year-old World War Two veteran is one step closer to challenging the UK Government over its policy on ‘frozen’ State Pension s after Liberal Democrat MP, Christine Jardine, brought her plight to the attention of Parliament on Thursday.

Ms Jardine continued: “That includes 99-year-old Anne Puckeridge, a decorated world war two veteran who did not leave this country for Canada until she was 76. Despite having paid a lifetime of national insurance contributions, she has seen her pension diminish every year. State Pension News The Leader of the House of Commons, Lucy Powell confirmed that she would “try to facilitate a meeting for her with the relevant Minister” while also congratulating Anne on her upcoming 100th birthday.

Millions of people over State Pension age will see their weekly payments rise by 4.1 per cent next April under the Triple Lock policy. Under the measure the New and Basic State Pensions increase each year in-line with whichever is the highest between the average annual earnings growth from May to July , Consumer Price Index inflation rate in the year to September , or 2.5 per cent.

Latest DWP News Under the earnings growth element of the Triple Lock , people on the full New State Pension will see payments rise by £9.10 per week from £221.20 to £230.30 and as the payment is typically made every four weeks this amounts to £921.20.

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