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New state pension to rise above £13,000 a year

Original: new state pension over 13000

The full new state pension is set to exceed £13,000 a year following the latest uprating under the triple lock, according to money commentator Paul Lewis in his November round-up for Saga Magazine. The increase affects millions of pensioners, though campaigner Lewis regularly flags concerns about how rising payments interact with tax thresholds, meaning some retirees may find more of their pension taxed.

Why now: The annual uprating announcement affects millions of UK pensioners' incomes

UK state pensionPaul LewisSaga MagazineHM Treasurypensioners

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• Full new state pension set to top £13,000 under triple lock guarantee · ITVX
• Paul Lewis: November money news · Saga Magazine News

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