Martin Lewis was left stunned this evening on his ITV show as Rachel Reeves revealed one key detail from her new Budget. The Chancellor confirmed on The Martin Lewis Money Show that people will not have to pay tax on their state pensions if they have no other income at all. While many do not realise that state pension payments have always been liable for Income Tax, and this has not changed, those who received a full state pension (either new or basic) have never exceeded the £12,570 Personal Allowance threshold before.

However, that could be set to change from 2027 following the Autumn Budget announcements on Wednesday. Chancellor Rachel Reeves confirmed the continuation of the Triple Lock , and that Income Tax thresholds have been frozen for another three years, until financial ye

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