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A state pension Triple Lock boost next year could hand state pensioners born pre-1951 a handy boost. Those receiving the basic state pension will experience a weekly increase from £176.45 to £184.90, a rise of £8.45.

Their annual income will grow from £9,175.40 to £9,614.80, an improvement of £439.40 a year. The basic state pension, otherwise known as the 'old' rate, is for men born before 1951 and women who were born pre-1953.

Steve Webb, partner at LCP, said: "We can now be pretty certain that the new state pension and the basic state pension will rise by 4.8 per cent."

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But the former Liberal Democrats Pensions Minister issued a warning however for pensioners to consider the tax impli

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