Pension savers are warned Chancellor Rachel Reeves could be tempted to impose a further tax raid on pensions, putting retirement funds at further risk. Although Reeves avoided major changes in the Budget, such as reducing the lump sum allowance or cutting tax relief, Baroness Altmann cautioned that the Chancellor is likely to return for more in upcoming Budgets. Altmann said: “I cannot imagine the Chancellor not interfering with pensions again in this Parliament. “The temptation to damage the pension funds of those who have money set aside is too great to rely on any such hopes.” The former mi…
