
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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