5.8% wage growth brings personal allowance into focus for pensioners ahead of the Spring Statement

As it stands, from April 2026 people could pay tax on the state pension alone Further inflation-busting state pension rise would feed affordability debate Mike Ambery, Retirement Savings Director at Standard Life, part of Phoenix Group said: “This April the full new state pension will rise to £11,973 per year, 95% of the personal allowance – a welcome boost for …

Retirement Professionals5.8% wage growth brings personal allowance into focus for pensioners ahead of the Spring Statement