"The full UK state pension is expected to be increased by over 400 in 2025, boosting the incomes of millions of pensioners, according to treasury calculations revealed by the BBC."
"This increase will be in line with the government's triple lock commitment, which ensures the state pension rises by the highest of inflation, average wage growth, or 2.5 percent."
"While the pension increase is positive news for many, an estimated 300,000 pensioners will face higher taxes due to the freeze on the personal allowance since 2021."
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