HMRC has issued a warning for savers and people who are "investing" in National Savings and Investments (NS&I) Premium Bonds. The taxman and government tax department, now working under the Labour Party, has issued a response to anxious Twitter/X users.

One social media user asked: "Hello, I would like information on tax allowances and state pensions. We are a married couple both receiving state pension and a small private pension individually. The wife recently had tax deducted from the private pension payment. part 1.

"She has applied for the marriage allowance to be allocated back to her. ( April 2025) How can we prevent further tax bills when accessing private pension and/or other saving schemes? part 2.

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"If

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