State Pensioners Face Tax Demands: Triple Lock Dilemma
Update: 2025-12-06
Description
State pensioners, even those with modest private pensions, may soon face income tax demands due to the Department for Work and Pensions triple lock, which has been steadily increasing the state pension. If the triple lock continues, the full state pension could exceed the personal allowance threshold by April 2027, potentially taxing some pensioners solely on their state pension. The government faces a challenge balancing the triple locks political implications and financial costs, with experts warning of its increasing expense.
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