Page 1 of 1
Triple lock likely to be abolished for UK pensions
Posted: Mon Aug 23, 2021 1:46 am
by Roger Van Zant
https://www.thisismoney.co.uk/money/com ... TRAUS.html
It was inevitable, I suppose....
Come retirement I will basically be relying on a combination of the UK pension and Japanese pension. Hope the UK pension doesn't get any lower than it already is...!
Re: Triple lock likely to be abolished for UK pensions
Posted: Mon Aug 23, 2021 2:29 am
by Wales4rugbyWC23
Triple lock is not affordable at all- this is what you get with a pay-as-you-go state pension scheme- you are dependent on politician's hot air pronouncements. Japanese state pension- I know worth less than the British state pension but is funded by investments.
Re: Triple lock likely to be abolished for UK pensions
Posted: Mon Aug 23, 2021 3:19 am
by Beaglehound
I wouldn’t be overly concerned about this. This year earnings have shot up massively, meaning the pension would be due to rise by something between 5 and 10% I think. In these circumstances I think it’s reasonable to scale it back. I would be pretty surprised if there was a wholesale abandonment of the triple lock, considering it was a Tory manifesto pledge and pensioners are a key voting group for the Tories.