We’re pleased to confirm that the annual increase to pensions in payment from 11 April 2022 (based on inflation), has been set at 3.1 per cent.
This increase is in line with the September 2021 Consumer Price Index and applies to anyone in receipt of their pension before 6 April 2021.
Remember, any changes you make to your pension can impact your future income, so be sure to get advice from a professional financial adviser.
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*Please note that increases are applied providing you are at least age 55 or you retired on ill health.