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Everyone who receives a State Pension is likely to be paying income tax on it after April 2027, experts have warned. Annual increases to the State Pension will be posing big questions for the Treasury and making changes to the Triple Lock look unavoidable.

Millions of pensioners are poised for a larger-than-anticipated payment increase next year. The Department for Work and Pensions looks on course to deliver a higher State Pension rise under the Triple Lock guarantee.

Figures from the Office for National Statistics (ONS) have shown that total wage growth including bonuses climbed to 4.8 per cent in the quarter to July, up from the earlier estimate of 4.7 per cent. This figure proves vital because under the Triple Lock, the State Pensions increases each April by whichever is

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