The state pension will rise by more than £550 a year from April under the triple lock, the government has said. Under the triple lock policy, the state pension increases by whichever is highest out of inflation, wage growth and 2.5%. Wage growth was the highest of the three figures at 4.8%.

The Treasury has confirmed it will increase the state pension by 4.8 per cent for 2026/27 under the earnings trigger of the triple lock mechanism.

THE Chancellor is due to announce a bumper state pension increase in her Budget next week. The Treasury has said up to 13million pensioners will see their state pension increase faster than

The figure is in line with average earnings growth this summer, and under the Government’s triple lock pledge, the state pension rises by the highest of average earnings growth, inflation, or 2.5 per cent every April. At 4.8 per cent, earnings growth was the highest and so this is the amount the state pension will go up by next spring.

Rachel Reeves confirmed that people whose income is solely the state pension won’t have to pay tax on it for the remainder of this Parliament.

A BBC expert has revealed that Chancellor Rachel Reeves is set to announce a higher-than-inflation increase for 13 million pensioners in her forthcoming budget. Those on the full rate of the new state pension will see an increase of more than £550 a year, according to figures reportedly confirmed by the Government overnight.

The Chancellor has confirmed that many pensioners will not have to pay income tax - but experts warn the Government doesn't know how to make the policy work

The shortfall between the ‘minimum’ required for Pensions UK’s basic Retirement Living Standards and the full new state pension will be thrust into the spotlight on Saturday

The UK government has noted that millions of elderly Brits can expect an increase in the amount they receive as part of the State Pension in 2026.

The petition calls for a new tax code to be brought in for state pensioners, to double their personal allowance. You can earn up to £12,570 a year without paying income tax thanks to the personal allowance. If this was doubled, it would rise to £25,140.