UK retirees with no other income will not pay tax on new £13,000 state pension, No 10 says

The government has promised retirees they will be excluded from paying tax on the full new state pension after official figures paved the way for an inflation-beating increase above the tax-free personal allowance.

Figures published on Tuesday showed that average UK wages rose by 3.9% in the three months to July, signalling that pensioners will receive an uplift of the same percentage next year under the triple lock.