State pensioners urged to look out for 'subtle' tax change

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State pensioners should check whether they will face a fresh tax demand this year. Payouts are set to rise once more in April, courtesy of the triple lock. This mechanism guarantees that payments increase in accordance with whichever proves highest among three benchmarks: average earnings growth, inflation levels, or a baseline 2.5 per cent. Last year's earnings figure was the largest of the three metrics, with benefits climbing 4.8 per cent this April. This uplift will push the full new state

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State pensioners urged to look out for 'subtle' tax change http://www.mirror.co.uk - 26.02.2026 05:09

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State pensioners urged to look out for 'subtle' tax change http://www.mirror.co.uk - 26.02.2026 05:09