LONDON, ENGLAND - NOVEMBER 04: Chancellor of the Exchequer Rachel Reeves delivers a speech in the media briefing room of 9 Downing Street, ahead of the forthcoming Budget, on November 04, 2025 in London, England. During her speech Rachel Reeves put the country on notice that tax rises are coming in the upcoming Budget saying “each of us must do our bit”. The Chancellor declined to recommit to Labour’s manifesto commitments not to raise income tax, national insurance or VAT, saying “we will all have to contribute”. (Photo by WPA Pool/Getty Images) (Image: Getty)

A pensions expert has warned that a major new tax on pensions could cause huge upset for families. Chancellor Rachel Reeves announced at the Autumn Budget 2024 that pensions would become subject to inheritance tax.

The 40 p

See Full Page