Annual state pension payments could soar by 5.5 per cent to £12,631 in April 2026, according to Deutsche Bank forecasts.

Retirees will be dragged into paying income tax on their state pension as early as next year, fresh analysis suggests.

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The state pension, if pegged to wage growth next April, could increase by as much as 5.5 per cent, economists have warned.

Under the DWP Triple Lock vow, the full new state pension will rise by £230.25 a week, or £11,973 a year, from this April.

DWP is developing a new system to help people track down lost pensions, which could help you add thousands to your retirement savings.

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