HMRC warning to State Pensioners over '£130 deduction' - what older people need to know
The New and Basic State Pensions are set to increase by 4.1% from April next year, while additional elements will see a rise of 1.7%. This is in line with the Triple Lock system, which ensures that these pensions increase annually according to the highest figure between average annual earnings growth from May to July (4.1%), CPI in the year to September (1.7%), or 2.5%.


