READ MORE New rule in UK supermarkets ‘poorly thought through’ and will push up prices<\/a><\/p>\nThe earnings growth figure was confirmed as 4.8 per cent earlier this month, and this is now set to be the relevant figure because September\u2019s inflation number is lower.<\/p>\n
The Government has committed to honouring the triple lock until at least 2029, and will confirm the figure at next month\u2019s Budget.<\/p>\n
Adam Cole, retirement specialist at Quilter, said: \u201cWith the personal allowance frozen until at least 2028, we\u2019re approaching the point where even those receiving only the full new state pension could become liable for income tax.<\/p>\n
\u201cBy April 2027, a minimum 2.5 per cent annual uplift means many pensioners may start receiving tax payment requests via simple assessment (if they don\u2019t have PAYE income). This will come as a surprise to many who might never have had to go through a process like this.\u201d<\/p>\n
Rachel Vahey, head of public policy at AJ Bell, said: \u201cNext April\u2019s rise will put the state pension above \u00a312,000 for the first time and within inches of the frozen personal allowance.<\/p>\n
\u201cThis poses a significant conundrum for Rachel Reeves and the Treasury. If, as is expected, the triple lock sees the state pension increase above the personal allowance of \u00a312,570 in April 2027.<\/p>\n
\u201cPensions minister Torsten Bell recently ruled out scrapping the triple lock guarantee, but as the state pension grows ever closer to the frozen personal allowance threshold, it could be that the Government is finally forced to address the question of how much the state pension should really offer, at what age, and how it can increase payments sustainably each year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Under the triple-lock mechanism, the state pension increases every April by whatever is the highestUnder the triple-lock mechanism,…\n","protected":false},"author":2,"featured_media":261781,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,2215,4176,4174,4175,56,54,55],"class_list":{"0":"post-261780","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-dwp","10":"tag-finance","11":"tag-personal-finance","12":"tag-personalfinance","13":"tag-uk","14":"tag-united-kingdom","15":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/261780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=261780"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/261780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/261781"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=261780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=261780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=261780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Under](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/11\/0_statepension2.jpg\")
Under the triple-lock mechanism, the state pension increases every April by whatever is the highest<\/p>\n