UK state pensioners face tax bills as payments increase under triple lock system

State Pension could rise by £550+ thanks to Triple Lock as earnings growth outpaces inflation - IFA Magazine

New analysis from leading independent financial services consultancy Broadstone suggests the State Pension is set for another significant uplift under the Government’s Triple Lock policy. With average earnings growth including bonuses currently running at 4.6% – and just one month of data still to be published – increases are expected to outpace inflation. If this rate were maintained in September, the new State Pension would rise annually by £5…

UK state pensioners face tax bills as payments increase under triple lock system

The state pension is set to rise next year, but some claimants could be hit with a tax bill as payments continue to increase in line with the triple lock