State pension likely to rise by 4.7% in April

The state pension in the UK is set to increase by 4.7% in April, according to the latest wage data, with projections indicating a rise of over £500 a year for pensioners. Nearly 13 million people receive the state pension, and current estimates suggest pensioners could start paying income tax on it from 2027. Concerns have been raised about potential tax implications as the state pension edges closer to the tax threshold, impacting retirees like Linda from Wokingham who rely on this income.