Will you have to pay tax on your state pension?

The full new state pension is set to exceed £13,000 per year next April, breaching the tax-free personal allowance for the first time. The triple lock mechanism means the state pension increases by the highest out of wage growth, inflation or 2.5%.The state pension is set to rise by 3.9% from April 2027, in line with the earnings growth element of the triple lock. This will likely be confirmed in chancellor John Healey’s Autumn Budget.If confirmed, the full new state pension would ri