The Government has done a U-turn on the triple lock and will also charge more tax on dividends and push up National Insurance rates
Thursday 09 Sep 2021 Author: Daniel Coatsworth
Pensioners, workers and businesses across the country will be affected by the Government’s plans to raise more money to fund health and social care. Specifically, investors will be hit by changes to the state pension and tax rates on dividends. The triple lock on pensions will become a double lock for 2022/23. Currently the state pension rises each year by the higher of average earnings, prices as measured by...