The Chancellor announced in November's Autumn Budget that she would be capping the amount workers can pay into their pensions via salary sacrifice schemes at £2,000.

Rachel Reeves’ savings campaign could strip 0.2 percentage points off CPI inflation, according to JP Morgan.

The Chancellor announced in November's Autumn Budget that she would be capping the amount workers can pay into their pensions via salary sacrifice schemes at £2,000.

The Chancellor announced in November's Autumn Budget that she would be capping the amount workers can pay into their pensions via salary sacrifice schemes at £2,000.

It will mean people save less for their pension. HMRC estimates that 2.9 million people will reduce their contributions after the raid.

Pension savers have less than three years left to take advantage of a tax perk that could turbocharge their retirement nest egg by tens of thousands.