Ide írhatod a honlap főcímét, ami legfeljebb 75 karakter lehet!

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The triple lock is a state pension prevailing in the United Kingdom. Under this government system, a pensioner’s income after retirement is safeguarded. This system has been crafted in such a way that the pensioner may not suffer following erosion of the value of a currency due to inflation over a period of time. The income of a person who has retired is protected or locked. This locking may be required due to a sudden rise in the price index of consumer products. The prices are variable. They may go up due to inflationary pressures. Here, the triple lock can be of much help to the persons who have retired. The government suspended the triple lock for the tax year 2022-23 to make more permanent changes in the future. However, the triple lock system is unlikely to be withdrawn completely.

The reason for this is the fact that the voter may turn against the government.Due to this factor, the government is mulling not to withdraw it permanently. The government is likely to replace the system with some similar alternative both to save the government money and keep on helping the pensioners. The planning of the government to replace the triple lock with a similar system but less burdensome to the state coffer emanated out of the reason that it cost the state more than what was anticipated.

 

 



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Oldal: state pension
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