Under this system, the state pension grows by whatever is highest out of the rate of inflation, the average wage increase or 2.5 per cent.
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When will state pension payments increase and how much by?OLDER Brits could see their state pension increase by 3.1% next year. The inflation rate, announced today, is usually used to work out how much the state pension will rise by, a…
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Source: TheSun - 🏆 64. / 61 Read more »