Triple lock means pensioners are more than £800 better off this April

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 are set to be better off by more than £800 from April due to the triple lock, a new analysis shows.

If it were linked to inflation alone, the basic state pension would be £7,826 and the full new state pension would be £10,673. Dean Butler, mnaging director for Retail at Standard Life, said: “Pensioners are set to see a healthy boost to their incomes next month as the state pension amount passes £11,000 for many for the first time.

Alice Guy, head of pensions and savings at interactive investor, said: “The triple lock was introduced in 2010 to lift millions pensioners out of poverty after a long period where the state pension increases lagged far behind wages.

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