Is it time to means-test the state pension?

T

he new state pension is paid to those who paid enough national insurance, regardless of whether they have any other retirement income. The amount you get is guaranteed to go up in line with the highest of inflation, wages or 2.5 per cent thanks to the triple lock — a guarantee that the Office for Budget Responsibility says will cost the government £15.5 billion a year by 2029. We ask if payments should be limited to those who need them.

No

Heidi Karjalainen from the Institute for Fiscal Studies

Heidi Karjalainen