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Martin Lewis has tackled worries that people might face tax consequences on their state pension next year. The money-saving expert revealed that numerous individuals had reached out to him, voicing concerns about potentially losing part of their pensions to higher taxation.

He outlined that the problem arises from the personal tax allowance threshold, which was locked in 2021 by the Conservatives at £12,570. Chancellor Rachel Reeves has previously signalled that this freeze will continue until 2028.

Nevertheless, given the current debt crisis gripping the country, some experts have suggested it may be prolonged even further.

Mr Lewis made clear that the 'fiscal drag' created by the freeze means anyone earning above £12,570 starts paying income tax at that level. The triple

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