
The Prime Minister has said the triple lock stays unchanged until 2030 and is then adjusted. The State Pension would still rise every year by at least inflation or 2.5%, but it would stop pulling ahead of earnings after weak years for wages. How the new rule works, what it removes, and what is not…

From April 2027 the full new State Pension is on course to pass the frozen personal allowance for the first time. The government has promised that pensioners with no other income will not pay tax on it. The promise has a carve-out, and the figure is not final until October.
Sign up with your email address to receive our weekly news