State Pension changes 2021: What will the state pension be in 2021? | Personal Finance | Finance

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Previously, the triple lock had included a technical detail which said State Pension payments could only rise if average earnings growth had risen.

Due to the coronavirus pandemic, unfortunately, that wasn’t the case this year.

Average earnings measured minus one percent this year, a figure which, before the new Bill was introduced, would have frozen State Pension payments in 2021/2022.

If you reached State Pension age before April 2016, the State Pension you receive is made up of two amounts – the basic State Pension and an additional State Pension.





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