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    • Former MSE Helen
    • By Former MSE Helen 13th Oct 15, 12:02 PM
    • 2,324Posts
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    Former MSE Helen
    MSE News: State pension to rise by at least 2.5% next April
    • #1
    • 13th Oct 15, 12:02 PM
    MSE News: State pension to rise by at least 2.5% next April 13th Oct 15 at 12:02 PM
    Today's inflation announcement means the basic state pension will rise by at least 2.5% next April...

    Read the full story:

    State pension to rise by at least 2.5% next April




    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

Page 1
    • Oblivion
    • By Oblivion 13th Oct 15, 12:34 PM
    • 19,247 Posts
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    Oblivion
    • #2
    • 13th Oct 15, 12:34 PM
    • #2
    • 13th Oct 15, 12:34 PM
    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.
    Last edited by Oblivion; 13-10-2015 at 12:36 PM.
    ... Dave
    Happily retired and enjoying my 13th year of leisure

    I am cleverly disguised as a responsible adult.

    Bring me sunshine in your smile
    • ManofLeisure
    • By ManofLeisure 13th Oct 15, 12:37 PM
    • 502 Posts
    • 1,272 Thanks
    ManofLeisure
    • #3
    • 13th Oct 15, 12:37 PM
    • #3
    • 13th Oct 15, 12:37 PM
    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.
    Originally posted by Oblivion
    You're brave, daring to mention ''public service pensions'' .
    • jem16
    • By jem16 13th Oct 15, 12:39 PM
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    jem16
    • #4
    • 13th Oct 15, 12:39 PM
    • #4
    • 13th Oct 15, 12:39 PM
    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.
    Originally posted by Oblivion
    Or even worse - those people in receipt of a pension related to CPI increases but who don't yet receive the state pension.
    • Oblivion
    • By Oblivion 13th Oct 15, 12:43 PM
    • 19,247 Posts
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    Oblivion
    • #5
    • 13th Oct 15, 12:43 PM
    • #5
    • 13th Oct 15, 12:43 PM
    You're brave, daring to mention ''public service pensions'' .
    Originally posted by ManofLeisure

    It's ok, I'm wearing my Kevlar thermals.
    ... Dave
    Happily retired and enjoying my 13th year of leisure

    I am cleverly disguised as a responsible adult.

    Bring me sunshine in your smile
    • greenglide
    • By greenglide 13th Oct 15, 12:45 PM
    • 3,284 Posts
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    greenglide
    • #6
    • 13th Oct 15, 12:45 PM
    • #6
    • 13th Oct 15, 12:45 PM
    And people who have RPI linked pensions (as I will next year) can smile!
    • jem16
    • By jem16 13th Oct 15, 12:47 PM
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    jem16
    • #7
    • 13th Oct 15, 12:47 PM
    • #7
    • 13th Oct 15, 12:47 PM
    What's the RPI rate that is making you smile?
    • torbrex
    • By torbrex 13th Oct 15, 1:09 PM
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    torbrex
    • #8
    • 13th Oct 15, 1:09 PM
    • #8
    • 13th Oct 15, 1:09 PM
    Pensions should be linked to MP's salary rises, they should rise by exactly double what the MP's get.
    • greenglide
    • By greenglide 13th Oct 15, 1:11 PM
    • 3,284 Posts
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    greenglide
    • #9
    • 13th Oct 15, 1:11 PM
    • #9
    • 13th Oct 15, 1:11 PM
    0.8% according to ONS.
    • Oblivion
    • By Oblivion 13th Oct 15, 1:11 PM
    • 19,247 Posts
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    Oblivion
    Pensions should be linked to MP's salary rises, they should rise by exactly double what the MP's get.
    Originally posted by torbrex

    ... Dave
    Happily retired and enjoying my 13th year of leisure

    I am cleverly disguised as a responsible adult.

    Bring me sunshine in your smile
    • gadgetmind
    • By gadgetmind 13th Oct 15, 1:16 PM
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    gadgetmind
    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.
    • Thrugelmir
    • By Thrugelmir 13th Oct 15, 1:32 PM
    • 66,331 Posts
    • 58,385 Thanks
    Thrugelmir
    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.
    Originally posted by Oblivion
    Good news for the Governments borrowing targets though.
    “Risk comes from not knowing what you are doing. – Warren Buffett”
    • zagfles
    • By zagfles 13th Oct 15, 2:12 PM
    • 14,912 Posts
    • 13,514 Thanks
    zagfles
    Some consolation I suppose, but with September's manipulated CPI
    Originally posted by Oblivion
    Quick get your tin foil hat on!
    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.
    Why, would you prefer 10% inflation and a 10% rise? Do you think that'd make you better off?
    • greenglide
    • By greenglide 13th Oct 15, 2:14 PM
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    greenglide
    when it's actually single tier and can be less than!
    It is formally "new State Pension" (nSP) to be precise.

    The full nSP rate cannot be less than the Pension Credit single person guarantee which is currently £151.20. Should this increase in the autumn statement then the nSP would have to follow (at least) this rate.

    After that the assumption is that the nSP rate would increase by the triple lock, whether the PC rate would do as well is anyones guess.
    • zagfles
    • By zagfles 13th Oct 15, 2:15 PM
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    zagfles
    Or even worse - those people in receipt of a pension related to CPI increases but who don't yet receive the state pension.
    Originally posted by jem16
    Why? A real terms increase in the CPI linked pension (assuming there's no provision for a cut) and a future state pension now worth 2.6% more in real terms
    • kidmugsy
    • By kidmugsy 13th Oct 15, 2:18 PM
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    kidmugsy
    September's manipulated CPI
    Originally posted by Oblivion
    What's manipulated about it?
    • Oblivion
    • By Oblivion 13th Oct 15, 2:21 PM
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    Oblivion
    Quick get your tin foil hat on! Why, would you prefer 10% inflation and a 10% rise? Do you think that'd make you better off?
    Originally posted by zagfles

    If interest rates on savings followed suit, you betcha matey!
    ... Dave
    Happily retired and enjoying my 13th year of leisure

    I am cleverly disguised as a responsible adult.

    Bring me sunshine in your smile
    • chris_m
    • By chris_m 13th Oct 15, 2:23 PM
    • 7,592 Posts
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    chris_m
    Bit of a daft headline and, TBH, hardly "news".

    The Pension Triple Lock guarantees to increase the state pension every year by the higher of inflation, average earnings or a minimum of 2.5% - therefore, unless and until that is revoked, state pensions will always increase by at least 2.5%.

    Must be a quiet news day
    • zagfles
    • By zagfles 13th Oct 15, 2:39 PM
    • 14,912 Posts
    • 13,514 Thanks
    zagfles
    If interest rates on savings followed suit, you betcha matey!
    Originally posted by Oblivion
    Ah, so you reckon if you earn £1 of interest on every £10, but what cost £10 last year now costs £11, you'll be

    Well there's plenty of countries in the world with high interest rates and high devalution of currency. Fill your boots!
    • zagfles
    • By zagfles 13th Oct 15, 2:42 PM
    • 14,912 Posts
    • 13,514 Thanks
    zagfles
    Bit of a daft headline and, TBH, hardly "news".

    The Pension Triple Lock guarantees to increase the state pension every year by the higher of inflation, average earnings or a minimum of 2.5% - therefore, unless and until that is revoked, state pensions will always increase by at least 2.5%.

    Must be a quiet news day
    Originally posted by chris_m
    News should have been "bumper real terms increase in state pension of 2.6%".
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