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

• 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.

IN FULL

State pensioners to receive £500 triple lock boost in 2027