Pensioners are ‘big winners’ with triple-lock set to rise by 3.9%, lifting state pension to £13,000 – business live

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Wage growth – used to set triple-lock pension – slows to 3.9%, meaning state pension should hit £13,000 next year‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable?If the state pension rises to £13,000 next year, it will probably breach the UK’s tax-free personal allowance (currently £12,570) – the amount you can earn before paying income tax.However, pensioners who don’t receive any other income should still be exempt from paying tax if the state pension exceeds t