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The future of the triple lock has looked increasingly uncertain and as the General Election approaches a dividing line between the Tories and Labour has appeared when it comes to state pension policy. It comes after the Conservative party claimed that thousands of state pensioners could be slapped with a “retirement tax” if the Labour Party return to power. In the run-up to the General Election, the Conservatives have promised to raise the tax-free state pension allowance in what they have called a “Triple Lock Plus”. Under the plans, the personal allowance for pensioners would increase by at …

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