The Social Security (Up-rating of Benefits) Bill passed its second reading in the House of Lords on 13 October 2021. Lords Committee Stage is scheduled for 26 October, with Report Stage on 3 November.
The Bill makes provision relating to the uprating of state pension (and certain other benefits) for the 2022/23 tax year based on the higher of CPI inflation and 2.5% – disapplying the earnings-related element of the ‘triple lock’.
The Social Security (Up-rating of Benefits) Bill passed its second reading in the House of Lords on 13 October 2021. Lords Committee Stage is scheduled for 26 October, with Report Stage on 3 November.
The Bill makes provision relating to the uprating of state pension (and certain other benefits) for the 2022/23 tax year based on the higher of CPI inflation and 2.5% – disapplying the earnings-related element of the ‘triple lock’.
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