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UK Pension up
UK Pension up
by Chrisdee » Wed Nov 22, 2023 3:12 pm
18 quid a week extra next year. Sounds good to me.
There is good news for state pensioners, with the triple-lock honoured in full - meaning an 8.5 per cent hike from April, equivalent to around £18 a week for most
There is good news for state pensioners, with the triple-lock honoured in full - meaning an 8.5 per cent hike from April, equivalent to around £18 a week for most
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Re: UK Pension up
by marcliff » Wed Nov 22, 2023 3:40 pm
Only 15.50 for me as I is classed as old.....Yeah, I know I am, no need to rub it in.
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Re: UK Pension up
by Bee » Wed Nov 22, 2023 3:49 pm
In Ireland it was always called "The Old Age Pension" until we got politically correct and it went from Retirement Pension to currently called The State Pension. They don't want to be hurting our feelings by calling us "old". Irish Pensioners get a rise of €12 per week from 1st January next. A good bit better than the usual €5.
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Re: UK Pension up
by jpeg » Wed Nov 22, 2023 4:02 pm
marcliff wrote:Only 15.50 for me as I is classed as old.....Yeah, I know I am, no need to rub it in.
Your SERPS pension will be getting the same increase percentage wise
https://www.thisismoney.co.uk/money/pen ... April.html
Last edited by jpeg on Wed Nov 22, 2023 4:06 pm, edited 1 time in total.
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Re: UK Pension up
by suzi wong » Wed Nov 22, 2023 4:05 pm
Don’t forget the money you can have before you pay tax is frozen til 2028,this means you only need a small private pension of around £1200 to put you into paying tax of 20% for every pound over the limit.A lot of people are going to caught in this trap in the next 4 yrs.If you have a decent private pension you lose 20% of increase already.
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Re: UK Pension up
by Darro » Wed Nov 22, 2023 6:41 pm
Not everybody has a SERPS element, my wife does not and only gets the basic old pension of £169 and some coppers.jpeg wrote:Your SERPS pension will be getting the same increase percentage wise
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Re: UK Pension up
by Darro » Wed Nov 22, 2023 6:46 pm
Yes but frankly not much else Hunt could have done really, with an election looming he dare not further alienate pensioners by breaking it (again).Chrisdee wrote:There is good news for state pensioners, with the triple-lock honoured in full
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Re: UK Pension up
by jpeg » Wed Nov 22, 2023 7:15 pm
The basic state pension is £156.20 so she is getting some add on
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Re: UK Pension up
by lexia » Wed Nov 22, 2023 9:17 pm
People retiring over the last few year’s and in the future do not receive SERPS anymore ! I have wrote to two pension ministers wanting the reason why. Still waiting for a reply.
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Re: UK Pension up
by Gustav » Wed Nov 22, 2023 9:24 pm
Thought the uk state pension
Was classed as a benefit by DWP, does that mean all uk entitled pensioners are on benefits now,
Was classed as a benefit by DWP, does that mean all uk entitled pensioners are on benefits now,
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