Britons are preparing for a potential “death tax on pensions” being part of Chancellor Rachel Reeves’s Autumn Budget on October 30. Rumours are circulating that Labour is floating reform to the tax-free relief attached to pension withdrawals in an attempt to plug the £22billion “black hole” in the public finances. As it stands, retirement savers can withdraw a lump sum worth 25 per cent of their pot with the maximum amount being £268,275. There is speculation this relief could be reduced or altered as part of the Budget to increase the tax liability on pension savings. On top of this, analysts…