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This is Money Podcast

State pension boosted by 8.5% from this week - will it ever become means tested?

Apr 12, 2024
Financial experts Tanya Jefferies and Georgie Frost discuss the 8.5% state pension boost, potential means testing challenges, delays in the online pension service, NS&I IT meltdown, a dance teacher's outrageous energy bill, and the curious case of an American Express card with a 704.6% APR.
55:28

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Quick takeaways

  • State pension increased by 8.5% under triple lock commitment, raising future tax concerns.
  • Potential means testing of state pension prompts debates on cost management strategies.

Deep dives

Boost for Pensioners and State Pension Triple Lock

Pensioners saw a boost this week with the state pension increasing by 8.5% due to the triple lock commitment, causing speculation about potential means testing in the future.

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