The forthcoming 4.1% state pension increase could potentially reduce the income of retirees, especially those with more than one pension.

Rachel Reeves’ autumn budget confirmed that the state pension would rise by 4.1% in April, equating to roughly £475 a year for those on the new state pension according to MSE.

However, recent social media warnings suggested this could actually decrease pensioners’ income by £130 a month.

While this isn’t strictly accurate, pensioners are advised to be…