UK News

Pension Triple Lock Under Threat Due To Furlough

granny

Millions of people are on furlough and earning just 80% of their normal salary. After furlough finishes, their salary will go back to normal, resulting in a possible country-wide average salary ‘hike’ of up to 10%. Under the present Triple Lock rules, this would result in a 10% rise in pensions! So the Chancellor, Rishi Sunak, is proposing a freeze to this part of the Triple Lock for a couple of years. Read the full story here.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.