Rachel Reeves has been accused of stealing a pensioner’s life-long plan for a happy retirement.

The consequences of the Chancellor’s “dreadful” move to charge Inheritance Tax (IHT) on pension pots passed on after death have been detailed in a letter written by a retired scientist who “planned and saved wisely” for their retirement.

Under the Budget changes, pension funds passed on to loved ones after death will be treated as part of the deceased person’s estate for IHT purposes and subject…