Tuesday, 6 December 2011

Basic State Pension Up-rated

I welcome the announcement by the Pension Minister that the basic state pension will be up-rated.

This will mean that a single person will expect to receive an increase of £5.30 per week, giving them a total of £107.45.

The Government has protected the triple lock guarantee whereby the basic state pension rises either in line with earnings, prices or 2.5 percent.

A link to the Minister’s statement can be found here:

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