The full new state pension now sits just £23 ($29) below the threshold at which UK income tax becomes payable, after the Treasury extended its freeze on the personal allowance until April 2031.
Weekly payments rose from £230.25 to £241.30 on 6 April under the 4.8 per cent triple-lock uprating, taking the annual total to £12,547. That leaves it narrowly below the £12,570 tax-free allowance, which has been held at its current level since April 2021. The freeze had been due to end in April 2028 before Chancellor Rachel Reeves pushed the deadline back by three years in the Autumn Budget.
