What Is The Triple Lock (2023)

1. State pension and triple lock: What is it worth and when do you get it? - BBC

  • 6 days ago · The triple lock was introduced by the Conservative-Liberal Democrat coalition government in 2010. It was designed to ensure the value of the ...

  • A second significant rise in the state pension is expected in April under what is known as the triple lock.

2. What is the triple lock on state pensions? | unbiased.co.uk

  • The 'triple lock' is a safeguard that applies to the UK state pension, to ensure it doesn't lose value because of inflation. In the past, there have been ...

  • How the triple lock protects your state pension income from inflation, and why it could be under threat.

3. What is the state pension triple lock - Times Money Mentor

  • What is the triple lock on... · State pension triple lock...

  • The Prime Minister has promised to keep the triple lock on state pensions despite wages rising by over 8%. We explain how it works

4. State Pension Triple Lock Explained - NerdWallet UK

5. Triple lock to provide 'substantial' rise in state pension for second year ...

  • 6 days ago · Under the triple lock, the basic state pension received in retirement rises each year in line with whichever is the highest out of three factors ...

  • state pension, triple lock, investment,

6. The case for retiring Britain's triple lock on pensions - Financial Times

  • 1 day ago · A “triple lock” — which has been in place since 2011 — means state payments to retirees are guaranteed by the government to rise annually by the ...

  • Linking payments to earnings growth is fairer and more sustainable

7. The pensions triple lock has been halted before – just not this close to ...

  • 5 days ago · Introduced after the 2010 election by the Conservative-Liberal Democrat coalition, the triple lock ensures pensioners receive an annual increase ...

  • The formula was temporarily stopped after the Covid lockdown but doing so again may upset pensioners at the ballot box

8. The triple lock: uncertainty for pension incomes and the public finances

  • Sep 8, 2023 · The reason why both earnings growth and inflation matter for the state pension is the pensions 'triple lock'. In place since 2011 (except for a ...

  • The pensions triple lock has increased state pension spending and creates uncertainty for current and future generations of pensioners.

9. [PDF] Everything you always wanted to know about the triple lock but were ...

  • The triple lock is the name used to describe how the basic State. Pension (bSP) and new State. Pension (nSP), for individuals reaching State Pension age after 6.

10. What Is The Pensions Triple Lock – And Can It Survive? - Forbes

  • 6 days ago · The triple lock's aim is to protect the state pension from inflation, ensuring it rises by a real amount each year. The three components of the ...

  • The State pension is on course to rise to about £221 a week from next April, up from its current level of £203.85, after the latest official UK labour mark

11. UK commits to triple-lock pension policy - PM's spokesman - Reuters

  • 6 days ago · The pension triple lock is a government promise to raise publicly funded pensions by the level of earnings, inflation or 2.5%, whichever is ...

  • Britain's government is committed to the mechanism for increasing state pensions even though it is likely to cost billions of pounds more than usual given high pay and inflation, a spokesman for Prime Minister Rishi Sunak said on Tuesday.

12. PM Sunak: UK committed to triple-lock pension policy | Reuters

  • 5 days ago · The pension triple lock is a government promise to raise publicly funded pensions by whichever is highest out of the level of earnings, ...

  • British Prime Minister Rishi Sunak said on Wednesday he was committed to the government's 'triple lock' policy which sets the size of increases in the publicly funded pensions.

13. What Is The State Pension Triple Lock? | Standard Life

  • Nov 17, 2022 · In some cases, it means that your State Pension could even beat inflation. Who qualifies for the triple lock pension? Anyone receiving the State ...

  • Receiving the State Pension? Find out how the triple lock affects your State Pension income for 2023-24 considering inflation and the rising cost of living.


Is NHS pension linked to RPI? ›

If you took out an additional pension contract prior to 1 April 2011 then in service revaluation is linked to RPI and increase to benefits in payment to CPI. If you took out an additional pension contract after 31 March 2011 both in service revaluation and increases applied to the benefits in payment are linked to CPI.

What is the NHS Scotland pension increase for 2023 24? ›

The Pensions Increase for April 2023, is 10.1%

From May onwards you'll see the full increase.

How much is NHS pension monthly? ›

From 1 October 2022, this will go up by £8.34 a month to £101.67. Once the further planned change happens, it will change to £108.33 a month – which works out as £1,300 a year. You'll get tax relief for being a member of the Scheme, which means, you'd pay £260 less income tax a year than if you weren't in the Scheme.


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