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Martin Lewis has warned how more Brits could soon be paying tax on their state pension for the first time from April 2027.
The state pension could increase even more than originally thought after a key figure used in the triple lock was revised.
The triple lock guarantees the state pension rises each April in line with whichever is the highest of earnings growth between May to July, inflation in September or 2.5 per cent.
Wage increases for the period between May and July was first thought to be 4.7 per cent, however, Office for National Statistics (ONS) has hiked up this figure to 4.8 per cent.
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The figure for inflation is currently at 3.8 per cent, so this means wage