Rachel Reeves shared plans for a new income tax "workaround" for state pensioners following her Budget on Wednesday. In an interview with Money Saving Expert Martin Lewis , she stated that people with state pensions that exceed the personal allowance threshold will not have to pay income tax on them under this parliament. She added that plans are under way to ensure the Government "doesn't go after tiny amounts of money".

On Wednesday, the Chancellor announced an extension of the income tax threshold freeze to 2030/31 - three years longer than planned. The move means the full new state pension is on track to exceed the personal allowance threshold of £12,570 by 2027, based on triple lock projections, dragging more pensioners into paying tax . The triple lock increases the

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