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A new tax on the state pension will have 'significant financial implications' for millions of UK households

Older people could boost their State Pension by more than £6,000 over a typical 20-year retirement.

The new state pension is worth £230.25 a week, while the older basic state pension is £176.45 a week - here is when you can start claiming it

Pensioners relying entirely on the state pension which is worth up to £11,973 will pay 20 per cent tax on any amount above the personal allowance of £12,570

Sticking with raising the state pension according to the popular triple lock while keeping the bill affordable could be bad news for people in their 30s and younger.

It could be worth about €15,000 a year if you get it in full – but many women still miss out. Don’t let this be you