Martin Lewis warning for anyone with more than £10,000 in their bank account

Flavius Niculescu

Martin Lewis has set the record straight after one 'frustrated' Brit moaned about being 'double-taxed'. The money guru addressed misconceptions about the government's Personal Savings Allowance on his BBC podcast, along with radio presenter Adrian Chiles. Caller-up Christina said she was 'fed-up' with working hard, only to be taxed on 'income and then taxed on savings'. However, the money ace pointed out this is not technically true - as Brits are only subject to paying tax on the interest

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