Happy (New) Tax year

April 6th is the star t of the 21/22 Tax Year, and this is often a time when those in work receive their agreed pay increase and those receiving their State Pension will see an above inflation increase due to the ‘Triple Lock’ process. This ensures the State Pension is increased by the higher of inflation, average wage increase or 2.5%. This time round, it was 2.5% that was used.

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