Steven Cameron, pensions director at Aegon, lamented a lack of good news for existing pensioners from Sunak’s announcement, noting that those above state pension age do not pay national insurance on their earnings and therefore will not benefit from the threshold increase.
“There was nothing new in the way of temporary support specifically for this group, and no improvement on the 3.1 per cent increase in the state pension from next month, which is just half the current rate of inflation,” he said.
Article continues after advert
sally.hickey@ft.com
Page 3 of 3
