State pension set to hit more than £200 a week next year

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'Pensioners are in line for a significant pension boost.'

Millions could see the amount they get in retirement increase under the triple lock system which Prime Minister Liz Truss has hinted at bringing back.

The state pensions went up by 3.1% in April under the previous ‘double lock’ system, which removed wages from the equation.However, with triple lock this year, it is likely that people’s pensions will be linked to inflation, which dropped below 10% at the start of this month. She told The Sun: “Inflation eased this month, but it still remains sky high and looks set to stay so for the foreseeable future.

"If the link to Consumer Price Index remains, then we could see pensioners on a full new state pension get more than £200 per week."

 

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