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The Guardian - UK
The Guardian - UK
Business
Richard Partington Senior economics correspondent

UK retirees with no other income will not pay tax on new £13,000 state pension, No 10 says

A couple walk together in a park.
With the tax-free personal allowance frozen at £12,570, experts had said retirees were in line for paying income tax on the new state pension for the first time. Photograph: Bill Cheyrou/Alamy

The government has promised retirees they will be excluded from paying tax on the full new state pension after official figures paved the way for an inflation-beating increase above the tax-free personal allowance.

Figures published on Tuesday showed that average UK wages rose by 3.9% in the three months to July, signalling that pensioners will receive an uplift of the same percentage next year under the triple lock.

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