UK state pension might hit £13,000 ‘in subsequent 5 years’

The UK state pension might pay out greater than £13,000 a yr by 2030 if the present triple lock guidelines stay in place, evaluation by AJ Bell has discovered.

Pensioners with a full Nationwide Insurance coverage contributions file can at present get £10,600 a yr (£203.85 per week). From April, this can rise 8.5% to £11,502 yearly (£221.20 every week) consistent with the speedy improve in earnings registered final summer season. IT has led to warnings that some pensioners may very well be landed with an surprising tax invoice in 2025 as a result of freeze on the revenue tax allowance.


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