State pensioners could be taxed up to £39,080 more in a typical average scenario if they are unfortunate enough to be affected by three key tax changes announced by Labour Chancellor Rachel Reeves today which could realistically be levied on retirees.

Many state pensioners own stocks and shares, buy second homes to rent them out to boost their retirement income and leave pensions in their will, and these three key areas have all been subjected to increased taxes.

A second home buyer who…