Personal finance expert explains that most people will fail to get triple lock rise next year to offset winter fuel payment axe
Martin Lewis has issued a rebuttal to anyone who thinks most pensioners are well off and revealed that just one in four will get a triple lock rise of £900. The personal finance expert was praised for his intervention by the WASPI group which is campaigning for justice for women who missed out when the pension age was changed.
But some people took issue with his questions - with the Labour government saying pensioners could potentially gain £900 overall due to the triple lock formula for calculating the rise in April. He said: “‘Pensioners are net gainers this year, so it’s fine for them to lose winter fuel payments.’ I’ve had a few replies like that, so want to clear it up.”
“3. Most people eligible for pension credit do not get the full state pension just a fraction of it due to not enough qualifying NI years - so the uplift will be fractions of the £700,“5. They have also lost £300 cost of living payment that was paid last two winters but wasn’t this year.
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