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Should the state pension triple-lock guarantee end?

1 May 2017

The UK state pension is currently guaranteed to rise in line with average wage growth, inflation or 2.5% - whichever’s highest. This ‘triple lock’ was intended to align pensioners’ incomes with others'. But there’s now an election debate over whether the 2.5% element should be removed. Those who want to lose it say pensioners’ incomes are now aligned and, as long as they continue to rise in line with wages or inflation, the money could be better used elsewhere. But others say only the full triple lock protects pensioners’ incomes in the future. Which of these is nearest your view?

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The UK state pension is currently guaranteed to rise in line with average wage growth, inflation or 2.5% - whichever’s highest. This ‘triple lock’ was intended to align pensioners’ incomes with others'. But there’s now an election debate over whether the 2.5% element should be removed.

Those who want to lose it say pensioners’ incomes are now aligned and, as long as they continue to rise in line with wages or inflation, the money could be better used elsewhere. But others say only the full triple lock protects pensioners’ incomes in the future.

Which of these is nearest your view?

Results

I'm aged under 25 (407 votes)
Keep the triple lock 117 votes (29%)
Ditch the ‘2.5% element’ so it’s a double lock 134 votes (33%)
Ditch any lock and adjust it year by year 119 votes (29%)
I’m not sure 37 votes (9%)
I'm aged 25 to 34 (1600 votes)
Keep the triple lock 347 votes (22%)
Ditch the ‘2.5% element’ so it’s a double lock 601 votes (38%)
Ditch any lock and adjust it year by year 541 votes (34%)
I’m not sure 111 votes (7%)
I'm aged 35 to 49 (2625 votes)
Keep the triple lock 779 votes (30%)
Ditch the ‘2.5% element’ so it’s a double lock 945 votes (36%)
Ditch any lock and adjust it year by year 777 votes (30%)
I’m not sure 124 votes (5%)
I'm aged 50 to 64 (4985 votes)
Keep the triple lock 3288 votes (66%)
Ditch the ‘2.5% element’ so it’s a double lock 1072 votes (22%)
Ditch any lock and adjust it year by year 506 votes (10%)
I’m not sure 119 votes (2%)
I'm aged 65+ (5159 votes)
Keep the triple lock 4052 votes (79%)
Ditch the ‘2.5% element’ so it’s a double lock 753 votes (15%)
Ditch any lock and adjust it year by year 290 votes (6%)
I’m not sure 64 votes (1%)

                   14,776 votes received.

We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.

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