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Annual pension growth by triple lock uprating factor UK 2011-2024

Published by Statista Research Department, Jan 29, 2024

In 2023/24 the state pension in the United Kingdom grew by 10.1 percent, based on the CPI inflation rate the previous September. The triple lock system determines how much the state pension grows in the UK based on which of three different measures are highest; the inflation rate, earnings growth, or 2.5 percent.

Annual triple lock pension growth in the United Kingdom from 2011/12 to 2023/24, by uprating factor

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Release date

November 2023

Region

United Kingdom

Survey time period

April 1, 2011 to March 31, 2024

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