In 2023/24 the state pension in the United Kingdom grew by 10.1 percent, based on the CPI inflation rate the previous September. The triple lock system determines how much the state pension grows in the UK based on which of three different measures are highest; the inflation rate, earnings growth, or 2.5 percent.
Annual triple lock pension growth in the United Kingdom from 2011/12 to 2023/24, by uprating factor
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House of Commons. (November 6, 2023). Annual triple lock pension growth in the United Kingdom from 2011/12 to 2023/24, by uprating factor [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1445915/uk-pension-growth/
House of Commons. "Annual triple lock pension growth in the United Kingdom from 2011/12 to 2023/24, by uprating factor ." Chart. November 6, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1445915/uk-pension-growth/
House of Commons. (2023). Annual triple lock pension growth in the United Kingdom from 2011/12 to 2023/24, by uprating factor . Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1445915/uk-pension-growth/
House of Commons. "Annual Triple Lock Pension Growth in The United Kingdom from 2011/12 to 2023/24, by Uprating Factor ." Statista, Statista Inc., 6 Nov 2023, https://www.statista.com/statistics/1445915/uk-pension-growth/
House of Commons, Annual triple lock pension growth in the United Kingdom from 2011/12 to 2023/24, by uprating factor Statista, https://www.statista.com/statistics/1445915/uk-pension-growth/ (last visited December 22, 2024)
Annual triple lock pension growth in the United Kingdom from 2011/12 to 2023/24, by uprating factor [Graph], House of Commons, November 6, 2023. [Online]. Available: https://www.statista.com/statistics/1445915/uk-pension-growth/
