The government is working on a solution so that people earning only the state pension will not have to pay tax in future, the Chancellor has confirmed.

Rachel Reeves told consumer champion Martin Lewis that those only taking home the new state pension – with no other kind of private pension income – will not have to pay tax during this parliament.

She said: “If you just have a state pension , and you don’t have any other type of pension, we are not going to make you fill in a tax return, and I make that commitment for this parliament.

“We are working on a solution as we speak to ensure that we’re not going after tiny amounts of money,” she added. “In this parliament, they won’t have to pay tax.” New Feature

In Short

Quick Stories. Same trusted journalism.

She said that she cou

See Full Page