Chancellor Rachel Reeves has made it clear that we should not be expecting any bank account-friendly handouts in the Budget at the end of the month. In fact, such is the strength of her rhetoric that “petrified” savers have been pulling money out of their pensions early amid fears of a tax raid. It has been suggested that the Government will target pensions in order to fill the £22bn budget “black hole” it claims to have inherited from the Conservatives. Other reports suggest taxes such as capital gains could rise, as Labour battles to keep its manifesto commitment not to raise taxes for “working people”. One rumoured change is cutting the pension tax-free lump sum. The Telegraph understands that government officials have asked one of Britain’s top pension providers to assess the impact of cutting the tax-free lump sum to £100,000, just more than a third of the current limit. But it’s certainly not the only route Labour could go down. In total, the rumoured tax policies could increase your bill by more than £200,000, according to stockbroker Hargreaves Lansdown. From inheritance tax changes to income tax stealth raids, Telegraph Money takes a look at the ways Labour’s Budget could increase your...