{"id":187094,"date":"2025-06-15T19:20:13","date_gmt":"2025-06-15T19:20:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/187094\/"},"modified":"2025-06-15T19:20:13","modified_gmt":"2025-06-15T19:20:13","slug":"state-pensioners-warned-over-dwp-change-which-could-dramatically-payment-rates","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/187094\/","title":{"rendered":"State pensioners warned over DWP change which could ‘dramatically’ payment rates"},"content":{"rendered":"

Means-testing, if it was to be introduced under the Labour Party, would be a “dramatic” shake-up for people born before 1959, economists have warned.\"StateState pensioners warned over DWP change which could ‘dramatically’ payment rates<\/p>\n

A state pension rule change could “dramatically” alter older people’s payments, it has been warned. Means-testing, if it was to be introduced under the Labour Party<\/a>, would be a “dramatic” shake-up for people born before 1959, economists have warned.<\/p>\n

The Institute of Fiscal Studies (IFS) warned older people over the “challenges and trade-off” they can expect in their update via the Oxford Review of Economic Policy.<\/p>\n

Jonathan Cribb, Carl Emmerson and Heidi Karjalainen warned that means-testing the rates “would dramatically alter people’s saving incentives during working life”. “Means-testing of the state pension would likely reduce the number of people participating in and the amounts saved into private pension schemes,” the IFS economists wrote.<\/p>\n

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The experts also noted it “would make automatic enrolment into workplace pensions a harder policy to justify”. Kemi Badenoch has said the Conservative Party<\/a> will consider means-testing the pensions triple lock.<\/p>\n

The Tory leader said her party would “look at means-testing” the system which guarantees that the state pension rises in line with average earnings, inflation or 2.5% – whichever is highest.<\/p>\n

The Conservatives have long championed the triple lock – introduced by former chancellor George Osborne during the coalition government – but some senior Conservatives have recently hinted that it might not be sustainable in the long term.<\/p>\n

Speaking to LBC, Ms Badenoch said there were reasons to review the policy because “we don’t have a system that knows who should get what”.<\/p>\n

“We’re going to look at means-testing,” she said. “Means-testing is something which we don’t do properly here. I’m someone who always said, for example, that millionaires should not be getting the winter fuel payment.”<\/p>\n

She went on to say that although the the triple lock was a Conservative policy after she took over as leader, adding: “We’ve got to give something to the next generation”.<\/p>\n","protected":false},"excerpt":{"rendered":"Means-testing, if it was to be introduced under the Labour Party, would be a “dramatic” shake-up for people…\n","protected":false},"author":2,"featured_media":187095,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,1267,474,2499,16,15],"class_list":{"0":"post-187094","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-dwp","10":"tag-finance","11":"tag-personal-finance","12":"tag-uk","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114689004196060404","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/187094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=187094"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/187094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/187095"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=187094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=187094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=187094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}