Pension warning as Britons may have to work an extra four years before retirement

However, there still remains worry about the long-term financial future of the country, and what this could mean for ordinary Britons.

Mr Moles continued: “When it comes to further tax changes, the Government has pressed pause, which is quite right as we still do not know what the total cost of COVID is going to be.

“While I believe we will see tax rises and the introduction of new tax rises, what people need to be aware of now is the speed these taxes will hit us.

“Taxes will change, and at a faster pace, so the need to take financial advice will be more frequent.


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