‘Extraordinarily substantial’ state pension Even with an 8% increase, retirees would still be £730 short.
EVEN IF THE STATE PENSION IS RAISED TO 8%, PENSIONERS WILL STILL HAVE A GAP IN THEIR INCOME. According to new research by retirement specialist Just Group, the increase would still leave a £730-a-year income shortfall when compared to the Joseph Rowntree Foundation’s Minimum Income Standard.
The triple lock on the State Pension has been contested for a long time, especially in the aftermath of the coronavirus crisis, which cost the government billions of pounds. The state pension is increased each year by the greater of […]
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