State pension payments to rise in 2023 as triple lock returns – how much to expect | Personal Finance | Finance
In his announcement, Mr Sunak said: “I can reassure the House that next year, subject to the Secretary of State’s review, benefits will be uprated by this September’s CPI.
“On current forecasts, (this) is likely to be significantly higher than the forecast inflation rate for next year. Similarly, the triple lock will apply for the state pension.”
However, the fact that pensioners will have to wait until next year for this payment boost is a point of contention for some financial excerpts.
In light of this, Helen Morrissey, a senior pensions and retirement analyst at Hargreaves Lansdown, shared why older Britons should apply for benefit payments such as Pension Credit in the interim period.
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