Teachers Pension Increase 2024/24. The government has confirmed that local government pensions will rise by 6.7% from 8 april 2024. The pension rates will increase by 8.5% this tax year, a little lower than last year’s increase of 10.1%.
You will shortly receive your 2024/25 pension increase letter and 2023/24 p60. This increase is calculated in line with september 2023’s cpi.
The Railways Pension Will Increase By Up To 6.7% For The 2024/25 Tax Year.
This is an increase of £17.35 per week, or £902.20 a.
Full List Of 2024/25 Rates As Pensioners Get Extra £900 A Year.
So, what does it mean for pensions?
I Am Pleased To Announce That The Basic And New State Pensions Will Be.
Images References :
This Is Coming Into Effect From 8 April 2024.
The uk state pension goes up every year in line with wider economic trends.
The Pension Increase Is In Line With Inflation At The End Of September 2023.
You will receive your letter in:
Currently £156.20, Going Up To £169.50 Category B (Lower) Basic Pension For Spouses Or Civil Partners Via Insurance: