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The Labour Party has been issued a stark warning over a planned Budget change for people "near retirement". The Chancellor will deliver the eagerly-awaited Labour Party Autumn Budget on November 26, after weeks of rumour and speculation.

Ahead of the landmark fiscal address, PensionBee's Lisa Picardo has warned Rachel Reeves over a series of changes to HMRC tax, including reducing the pension tax-free lump sum and removing higher rate relief on pension contributions.

Two of the four other options Ms Reeves could make in conjunction with the tax authority, His Majesty Revenue and Customs, or HMRC, include capping or scrapping salary sacrifice and further reforms to inheritance tax (IHT), Ms Picardo has warned. The warning comes with the Autumn Statement now just two weeks aw

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