Millions of older retirees who rely on the state pension face paying income tax within the next two years. State pensioners who rely solely on the Department for Work and Pensions ( DWP ) rates face having to pay income tax within the next two years.

Triple Lock rises will push many dangerously close to the £12,570 tax threshold, it is feared, with state pensioners who breach the amount set to be stung and punished by HMRC.

With wage growth at 4.7 per cent, the full new state pension will rise to £12,535 a year next April. That is £35 short of the frozen income tax threshold, meaning OAPs in question are certain to be paying up by 2027.

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The Labour Party previously committed to keeping the Triple Loc

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