#state-pension

#state-pension

The world’s most important financial watchdog has warned that Chancellor Rachel Reeves will likely break a key party manifesto pledge by hiking taxes or cutting public services.

The year-on-year inflation in the UK rose to 3.6% in June, a reminder that the battle against inflation is far from over for many households.

The new state pension started in 2016 and requires men born after April 5, 1951, and women born after April 5, 1953, to check their National Insurance contributions.

The proposed legislation allows employees to remain at work until the state pension age, addressing arbitrary retirement ages imposed by employers.

Kemi Badenoch has suggested considering means-testing the triple-lock system for pensions, stating, 'We don't have a system that knows who should get what.' This could represent a significant policy shift for the Tory party, potentially affecting pensioners' financial security.