Warning that next year's State Pension increase could 'see millions more retirees' forced to pay income tax
The UK government's long-standing guarantee on State Pensions could have unintented consequences for millions of pensioners, finance experts have warned. The so-called Triple Lock, which ensures that the State Pension increases in line with either consumer inflation, earnings, or 2.5 per cent, has been a measure used by governments to ensure.pensions rise in line with living costs. Both the Conservative and Labour parties have committed to honoring this guarantee until the end of the decade.
