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MSE News: State pension to rise by at least 2.5% next April

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Today's inflation announcement means the basic state pension will rise by at least 2.5% next April...
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State pension to rise by at least 2.5% next April

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  • Oblivion
    Oblivion Posts: 20,248 Forumite
    Part of the Furniture 10,000 Posts Photogenic
    edited 13 October 2015 at 12:36PM
    Some consolation I suppose, but with September's manipulated CPI at a negative -0.1% there won't be much good cheer for those of us receiving public service pensions next year, or indeed for anyone else whose work pension receives CPI increases. :(
    ... Dave
    Happily retired and enjoying my 14th year of leisure
    I am cleverly disguised as a responsible adult.
    Bring me sunshine in your smile
  • Oblivion wrote: »
    Some consolation I suppose, but with September's manipulated CPI at a negative -0.1% there won't be much good cheer for those of us receiving public service pensions next year. :(

    You're brave, daring to mention ''public service pensions'' :D.
  • jem16
    jem16 Posts: 19,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Oblivion wrote: »
    Some consolation I suppose, but with September's manipulated CPI at a negative -0.1% there won't be much good cheer for those of us receiving public service pensions next year, or indeed for anyone else whose work pension receives CPI increases. :(

    Or even worse - those people in receipt of a pension related to CPI increases but who don't yet receive the state pension.
  • Oblivion
    Oblivion Posts: 20,248 Forumite
    Part of the Furniture 10,000 Posts Photogenic
    You're brave, daring to mention ''public service pensions'' :D.


    It's ok, I'm wearing my Kevlar thermals. :D
    ... Dave
    Happily retired and enjoying my 14th year of leisure
    I am cleverly disguised as a responsible adult.
    Bring me sunshine in your smile
  • greenglide
    greenglide Posts: 3,301 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    And people who have RPI linked pensions (as I will next year) can smile!
  • jem16
    jem16 Posts: 19,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What's the RPI rate that is making you smile?
  • torbrex
    torbrex Posts: 71,340 Forumite
    10,000 Posts Combo Breaker Rampant Recycler Hung up my suit!
    Pensions should be linked to MP's salary rises, they should rise by exactly double what the MP's get.
  • greenglide
    greenglide Posts: 3,301 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    0.8% according to ONS.
  • Oblivion
    Oblivion Posts: 20,248 Forumite
    Part of the Furniture 10,000 Posts Photogenic
    torbrex wrote: »
    Pensions should be linked to MP's salary rises, they should rise by exactly double what the MP's get.


    Audience-clapping.gif
    ... Dave
    Happily retired and enjoying my 14th year of leisure
    I am cleverly disguised as a responsible adult.
    Bring me sunshine in your smile
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Again the unwise reference to "flat rate" pensions, and "no less than", when it's actually single tier and can be less than!
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
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