State pension boosted by 8.5% from this week - will it ever become means tested?

APR 12, 202455 MIN
This is Money Podcast

State pension boosted by 8.5% from this week - will it ever become means tested?

APR 12, 202455 MIN

Description

<div>Older people received another <a href="https://www.thisismoney.co.uk/money/pensions/article-13276295/Older-people-boost-state-pension-triple-lock.html">boost to the state pension this week taking the full rate to over £11,000 a year.</a><br> <br> This year's increase of 8.5 per cent was thanks to the triple lock commitment - a guarantee the state pension will rise each year by the higher of CPI, wages or 2.5 per cent.<br> <br> What does the future hold? While there is <a href="https://www.thisismoney.co.uk/money/pensions/article-13275623/Will-state-pension-means-tested-property-private-pensions-Steve-Webb-replies.html">plenty of speculation the state pension may become means tested</a>, in reality it could be incredibly hard to implement.<br> <br> This week, Tanya Jefferies, Georgie Frost, Helen Crane and Lee Boyce talk state pensions – and how they compare to other countries.<br> <br> And sticking on the theme, there is another <a href="https://www.thisismoney.co.uk/money/pensions/article-13272333/New-online-state-pension-ups-service-delayed.html">delay for the Government’s new online state pension top-up service</a>. When will it launch?<br> <br> <a href="https://www.thisismoney.co.uk/money/saving/article-13289673/NS-log-problems-persist-four-days-claims-NOT-cyber-attack.html">NS&amp;I has a four day IT meltdown</a> that makes it a struggle for customers to log-in – and it <a href="https://www.thisismoney.co.uk/money/saving/article-13276063/NS-Premium-Bonds-log-problems-bizarre-time-drift-quirk-blame.html">suggests to one that she may have a ‘time drift.’</a> What does this bizarre explanation mean?<br> <br> Crane is on the Case once more, this time <a href="https://www.thisismoney.co.uk/money/bills/article-13292471/Eon-sent-small-dance-school-shock-95k-energy-bill-CRANE-CASE.html">Eon is in the firing line after it insisted a part-time dance teacher used £95,000 worth of energy</a>… in a month.<br> <br> And who on earth would hold an <a href="https://www.thisismoney.co.uk/money/cardsloans/article-13288619/This-American-Express-Platinum-card-APR-704-6-heres-why.html">American Express card in their wallet with an APR 704.6 per cent?</a> Lee has the answer.<br> <br> </div>