stu675:
Franglais:
The State pension provision hasnt been getting better for years. It isnt likely to anytime soon either, so .What!!! The triple lock means it’s been going up every year as quickly as any other conceivable measure! Even this year when it’s only the double lock it’s still going up over 3%. Can you really expect anything more?
Although I totally agree best to look after yourself as well.
I should have been more clear.
The actual amount has been rising, yes.
But the triple lock has only been in place for a dozen years and is now suspended. For decades previously the “provision” to meet needs, was being eroded by inflation, although cash amounts may have been increasing.
What will happen to it next year, decade? Four decades?
It is currently a good thing to be fully paid up in the State Pension, but obviously, one is limited on how much can be put in.
It alone will not be sufficient.