State pension could see another boost as wages grow

The state pension grew by 10.1% in 2023 and it could see another significant boost in 2024 thanks to rising wage growth. 

Tomorrow’s earnings growth figures from the Office for National Statistics will determine how much the state pension goes up next tax year, thanks to the pensions triple lock which guarantees an increase in the state pension every year in line with either wage growth or inflation – whichever is higher.