Sussex pension advisers see higher state pension increases on the cards

Sussex pension advisers see higher state pension increases on the cards

The new state pension looks likely to be in line for a relatively large increase next year, but it still won’t to be enough to fund a comfortable retirement. The new levels of state pension for the coming financial year (2020/21) are usually revealed in or alongside the Autumn Budget statement. But as 2019 has been a strange year – in particular with no Budget – there has been no official announcement yet on what state pensions will be from April 2020. However, it is possible to work out fairly accurately what the new rates may be, because the basis of increase is fixed…