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Triple lock to help state pension rise by almost £500 from April

The Independent·Karl Matchett and Alex Sebastian·5 days ago
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The state pension will rise to £13,036 a year from next April

The state pension will rise to £13,036 a year from next April (Dominic Lipinski/PA Archive)
  • The full UK state pension will rise by £489 to £13,036 a year from next April.
  • The 3.9 per cent increase is determined by average wage growth under the triple lock rule following recent inflation data.
  • The rise will push the full state pension above the current £12,570 personal income tax threshold for the first time.
  • Pensioners receiving additional income from private pensions, work, or savings may face higher tax liabilities.
  • Industry experts have called on the government to clarify future state pension policy and potential increases to the state pension age.
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