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Rachel Reeves is being urged to rule out a "knee-jerk"' pension tax raid in the Budget - as savers face uncertainty. Experts argue a Pensions Tax Lock would cost nothing to the Treasury whilst restoring confidence in retirement planning.

A petition started by investment firm AJ Bell is calling on the government to keep the current tax-free cash rules. It has already gained more than 2,000 signatures and is growing quickly as the November 26 Budget gets closer.

Baroness Ros Altmann warned that lowering the allowance would be seen as a "hit the rich" policy but in reality would mostly hurt middle-class families.

READ MORE State pensioners born after 1951 face 'losing payment' over £23,000 rule

Baroness Altmann added: "It is so important that the Chancellor does not make kn

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