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Six ways people of State Pension age can boost their DWP retirement payments
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dailyrecord.co.ukState Pension payments from the Department for Work and Pensions (DWP). The Office for Budget Responsibility (OBR) recently said retired people could see their State Pension payouts rise by as much as 8% from April 2022 due to the UK Government's triple lock guarantee.
The official forecaster estimated the increase would add around another £3 billion a year to UK Government spending from its triple lock pensions pledge - on top of what was already budgeted.
However, speculation is mounting over whether the triple lock will be suspended as a result of these spending predictions. The triple lock guarantee means that every year the State Pension will go up by the highest of inflation, 2.5% or earnings during a set period.
Read more on dailyrecord.co.uk
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