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Written question asked by Baroness Altmann (Conservative) on Monday, 11 September 2023, in the House of Lords. It was due for an answer on Monday, 25 September 2023. It was answered by Viscount Younger of Leckie (Conservative) on Wednesday, 20 September 2023 on behalf of the Department for Work and Pensions.


State Retirement Pensions

Question

To ask His Majesty's Government what the value of the full Basic State Pension weekly payment in 2023–24 would be if the pension had been tied only to average earnings since 2010, rather than the triple lock.

Answer

The full weekly amount of Basic State Pension would have been worth £138.05 in 2023-24 if it had been uprated by earnings, rather than the Triple Lock.


Secondary information

Type
Written question
Reference
HL10017
Session
2022-23
Subjects
State retirement pensions Uprating
Contains statistics
Yes
Link
View this Written question on www.parliament.uk