State pension expected to increase by 3.9% in April
The UK expects the full, flat-rate state pension to increase by £488 annually in April, reaching over £13,000 a year, driven by wage growth under the triple lock policy. This rise has renewed debates about the policy’s long-term affordability, with forecasts indicating pension spending could increase by £600 million annually by 2029-30. While pensioners face rising living costs and potentially pay income tax if their pension exceeds the personal allowance, some government officials have not confirmed exemption commitments.
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