Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Vicky Shaw

People receiving full new state pension on course for £12,548 from April

More retirees may find themselves paying a tax bill as the state pension increases, a finance expert said (Yui Mok/PA) - (PA Archive)

Pensioners remain on course for a 4.8% rise in the state pension next year, after Office for National Statistics (ONS) figures were released on Wednesday.

Under the triple lock guarantee, the state pension increases every April in line with whichever is the highest of total earnings growth in the year from May to July of the previous year, Consumer Prices Index (CPI) inflation in September of the previous year, or 2.5%.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.