Analysis shows that pensioners will be better off by more than £800 from April due to the triple lock. The full new state pension will be £11,502 a year, and the basic state pension will reach £8,814.
If the state pension had increased by just inflation, pensioners would be hundreds of pounds worse off, analysis shows. Those receiving the full new state pension will get £11,502 a year, and those on the basic state pension will reach £8,814. Due to a wage growth figure of 8.5 per cent in July last year, those receiving the full new state pension will get £11,502 a year. The basic state pension , for people who reached state pension age before 2016, will reach £8,814.
The increased amount will be paid on 8 April
Pensioners State Pension Triple Lock Analysis Wage Growth
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