Specific group of older people will not get new State Pension pay rates next April
The Triple Lock will determine the level of uprating to be applied to the State Pension for the 2024/25 financial year and pays the highest between September’s Consumer Price Index (CPI) inflation rate, earnings growth, or 2.5 per cent. The frontrunner for the uprating is currently earnings growth, which came in at 8.5 per cent (including employee bonuses) for the period between May and July.