How much the 'triple lock plus' could save those relying on the state pension

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Source: CPI for 2025, 2026 and 2027 based on BoE estimates for Q4 in the previous year. CPI for 2028 based on the BoE target of 2 per cent. Earnings growth based on previous year as published in the latest OBR forecast from March 2024 as are projected personal allowances.

Source: AJ Bell and i