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State Pension Boost Coming Next Year | Leeds News
State pension recipients starting after April 2016 could see a 4.1% boost next year—adding £514.45 annually for those with a full National Insurance record—thanks to the Triple Lock system. While final wage growth figures aren’t confirmed until September, the minimum guaranteed increase of 2.5% still means an extra £313.69. This raises weekly payments to around £251 for the new state pension and £192.50 for the basic pension. Experts warn that even with these increases, most retirees will need workplace pensions and personal savings to maintain their lifestyle. Auto-enrolment helps, but…
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