The Daily Star's FREE newsletter is spectacular! Sign up today for the best stories straight to your inboxState pension payments are set to increase for married women in Britain this year, a huge boost to income following retirement.The state pension Triple Lock Mechanism sees the sum people receive increase annually by the highest of the following: earnings, the rate of inflation, or 2.5%.
This year, pension payments are confirmed to be increased 2.5% according to Work and Pensions Secretary, Dr Therese Coffey.Currently, the state pension scheme is divided into two tiers, with the tier you fall into dependant on your age.The basic state pension scheme is available to women born before April 6, 1953 and men born before April 6, 1951.Anyone.
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