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State pensioners face coming under the microscope of HMRC thanks to the Triple Lock hike. A b umper state pension increase has been confirmed fo millions - as experts issue a tax warning.

The Triple Lock metric, first introduced by the Conservative Party and Liberal Democrats coalition governments, sees the state pension rise based on whichever is highest out of September inflation, average earnings growth between May and July, or 2.5%.

Inflation remained at 3.8% in September – the same as it was in July and August – the Official for National Statistics said on Wednesday. This was lower than the earnings growth figure of 4.8%, meaning that pensions are expected to rise by this level from April next year.

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