State pension set to rocket as elderly handed extra £72 a month
The state pension is expected to rise to £11,469 next year due to a significant increase in pay inflation, which could give pensioners an extra £72 a month.
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The state pension is expected to rise to £11,469 next year due to a significant increase in pay inflation, which could give pensioners an extra £72 a month.
Analysts expect the decline in inflation to continue, meaning the higher wages figure would decide the triple lock and deliver an inflation-busting rise.
Parents and grandparents are increasingly stashing money into pension schemes for their children – and tax experts say avoiding death duties is a key reason why.
Perhaps other savings vehicles are more suitable, especially if designed for the needs of the self-employed
Introducing a tougher regime risks disrupting the inheritance plans of many people invested in drawdown plans with an eye to passing on pension wealth to the next generation.