Age Scotland welcomes increase to the State Pension

Age Scotland has welcomed the Chancellor Jeremy Hunt’s announcement that the State Pension will rise by 8.5% next April and that the government has honoured its commitment to the ‘triple lock’.

Scotland’s national charity for older people said the move will be a welcome boost to the hundreds of thousands of pensioners in Scotland on low and middle incomes who are struggling to cope with huge increases in the cost of living.
 
Katherine Crawford, chief executive of Age Scotland, said:
 
“This is much-needed good news for the many pensioners in Scotland who are being financially squeezed by the cost of living crisis. We welcome an increase in the State Pension, which will see pensioners receive approximately another £900 a year from next April, and hope it will go some way towards helping older people maintain an acceptable standard of living in later life.
 
“We are also pleased that the government has honoured its commitment to the triple lock pledge, which guarantees the value of the State Pension isn’t overtaken by inflation or by wage growth. The triple lock is a vital tool in ensuring that the State Pension isn’t devalued, forcing pensioners on low or middle incomes further into poverty, and we hope to see it robustly maintained in the years to come.”