Rachel Reeves's raid on pensions set to be 'biggest tax hit in decades' as YOU could lose £214k to HMRC

Dariusz Karpowicz, who directs Albion Financial Advice in Doncaster, added: "Your pension pot faces a 40 per cent tax grab from 2027. That retirement fund you've built over decades could leave your family with a six-figure IHT bill they never expected,. He emphasised that those without married status would bear the heaviest burden due to lacking spousal exemptions, with some facing effective tax rates exceeding 60 per cent.