HMRC has pointed to a ‘little known’ tax allowance that could benefit state pensioners, which was mentioned by Martin Lewis. A taxpayer got in touch over X to ask: “In a Martin Lewis article he noted that pensioners who get an income of less than £12,570 can take £5,000 of savings interest a year free of tax.

“When he states “income” is the state pension regarded as income?”

The tax authority replied to explain that the state pension is classed as income. The state pension forms part of a…