Windfall for pensioners as inflation hits five year high

LTA will rise to £1,030,000

The outlook has brightened for pensioners

The outlook has brightened for pensioners

UK pensioners are set to see their state pension payouts grow and lifetime allowance rise thanks to the highest inflation rate since April 2012, at 3%.

On Tuesday data from the Office for National Statistics showed inflation increased from 2.9% in August to 3% in September. This is good news for pensioners who will see their state pension grow by at...

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