HMRC could increase £12,570 personal tax-free allowance for state pensioners under Andy Burnham

Andy Burnham has confirmed a perk for state pensioners earning under 1 million, valued at £13,000. This follows calls led by former pensions minister Sir Steve Webb, who helped establish the triple lock. Consequently, HMRC could increase the personal tax-free allowance of £12,570 for these pensioners. In separate economic news, average wages experienced a rise of 3.9% during the three-month period ending in July, reflecting broader trends in the current financial landscape for UK citizens.