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Martin Lewis has highlighted key thresholds that savers should be aware of, warning that exceeding these could result in tax implications. Speaking on X, the personal finance guru outlined two crucial limits - £10,000 and £20,000 - that individuals need to keep in mind, depending on their income levels.

Mr Lewis addressed a query regarding the personal savings allowance and whether it was supplementary to the personal allowance of £12,570. The individual also enquired about a £5,000 allowance.

In his video, Mr Lewis clarified that there are three types of allowances, each serving different purposes for savers. He identified these as the personal allowance, the personal savings allowance, and the starting savings allowance, stating: "And you get them all on top of each other i

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