Rachel Reeves has pledged to reverse Jeremy Hunt's "regressive" pensions tax break for the top 1% of earners if Labour wins power at the next election.
The Shadow Chancellor said the decision to abolish the £1million pension lifetime allowance - a "gilded giveaway" - was the "wrong priority" and for the "wrong people".
Labour said those with more than £1.4million in their pension pot would be able to pay £150,000 less in tax under the Tory Government's changes.
