State pension set to rise by 8.5% next year as wages grow above inflation

The state pension is set to jump by 8.5% in April as wages go up – but is the triple lock sustainable?

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The state pension is set for a bumper boost in April as today's inflation reading confirms that the triple-lock uprating will be determined by the 8.5% wage growth figure. 

Under the triple lock guarantee, the state pension goes up in line with wage growth (as measured in the three months to July), inflation (September's CPI reading), or 2.5% – whichever is higher. 

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.

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