@moneywithpete: The UK’s pension triple lock is being scrapped… 💷 Right now, the State Pension increases each year by whichever is highest: inflation, average earnings growth or 2.5%. But from 2030, that system is set to change. The annual earnings guarantee will be removed, meaning pension increases would instead be based on inflation or 2.5%, alongside a longer-term safeguard linked to earnings. That might sound like a small technical change, but over decades it could make a significant difference to how quickly the State Pension grows. The government estimates the changes could save around £15 billion a year by 2040, with the money intended to help fund the new National Care Service. Would you keep the triple lock or change it? #money #investing #PersonalFinance #pension #finance #moneytips

Pound Smart Pete

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Thursday 01 October 2026 16:55:14 GMT