{"id":268914,"date":"2025-07-17T09:08:15","date_gmt":"2025-07-17T09:08:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/268914\/"},"modified":"2025-07-17T09:08:15","modified_gmt":"2025-07-17T09:08:15","slug":"state-pensioners-could-have-payments-frozen-and-be-denied-triple-lock","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/268914\/","title":{"rendered":"State pensioners could have payments ‘frozen’ and be denied Triple Lock"},"content":{"rendered":"

Claire Trott, Head of Advice at St. James\u2019s Place, warned that freezing State Pension increases and expanding access to Pension Credit could become a pragmatic solution\"StateState pensioners could have payments ‘frozen’ and be denied Triple Lock<\/p>\n

State pensioners could see payments frozen and be denied the Triple Lock in the coming years – as the ballooning cost of the Department for Work and Pensions (DWP<\/a>).<\/p>\n

Claire Trott, Head of Advice at St. James\u2019s Place, warned that freezing State Pension increases and expanding access to Pension Credit could become a pragmatic solution for the DWP and Labour Party<\/a> government as the cost of paying out the New and Basic State Pension rates to millions of pensioners continues to skyrocket.<\/p>\n

\u201cThere are options such as freezing the State Pension and increasing access to Pension Credit, which might be a more realistic and better-targeted route,\u201d she said.<\/p>\n

READ MORE ISA change announced by Rachel Reeves handing savers extra \u00a39,000<\/strong><\/a><\/p>\n

The state pension will become completely unsustainable by 2036 \u2014 and could force us all to retire at 74 – according to reports. The lock guarantees that the state pension (worth a maximum of \u00a311,973 this year) will rise by the highest of inflation, average wage growth or 2.5 per cent every year.<\/p>\n

Maxwell Marlow from the Adam Smith Institute, a free market think tank, said: \u201cStruggling workers and firms will not be able to subsidise the ballooning welfare bill for much longer. We must be clear \u2014 the state pension is a benefit, not one paid into over a lifetime, but drawn out of that year\u2019s taxation.<\/p>\n

\u201cIf the government is serious about securing Britain\u2019s finances, it must suspend the triple lock immediately and move towards a system that is honest about the challenge posed by an ageing population.\u201d<\/p>\n

Paul Johnson from the IFS said: \u201cThis generation of pensioners is, on average, doing much better than any previous generation. Pensioner poverty is way down on the very high levels in the 1970s and 1980s, and [poverty] is indeed below that for other demographic groups.<\/p>\n

\u201cBut there is a risk that policymakers have become complacent when it comes to pensions. Without decisive action, too many of today\u2019s working-age population face lower living standards and greater financial insecurity in their retirement.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Claire Trott, Head of Advice at St. James\u2019s Place, warned that freezing State Pension increases and expanding access…\n","protected":false},"author":2,"featured_media":268915,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,1267,474,2499,16,15],"class_list":{"0":"post-268914","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\/114867791682456616","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/268914","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=268914"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/268914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/268915"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=268914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=268914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=268914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}