The state pension will rise by a smaller amount next April as the Government has announced plans to temporarily suspend its so-called 'triple lock', which guarantees how much the benefit will rise by each year. But the change needs to be approved by Parliament first.
State pensions are expected to rise by 2.5% next April under the 'triple lock' guarantee – meaning an increase of about £230/year for those receiving the new state pension in full.
An online tool which checks how much state pension you're likely to get – also known as your 'state pension forecast' – has now been used 10 million times, new figures show. Here's how to check your forecast.
Millions of people in their early-40s face having to wait an extra year to collect their state pension after the Government announced plans to bring forward a change to the retirement age.