By bizn_fun 
The chancellor is planning to raise about £2bn by limiting a tax break on pension contributions, the Times has reported, external.
It suggested Reeves could put a £2,000 cap on the amount workers can put into their pensions under “salary sacrifice” schemes without paying National Insurance. At the moment there is no limit.
It would mean that any contributions above the cap would be subject to NI payments by both employees and employers.
For people receiving the full rate of the new state pension, the chancellor is expected to confirm an increase of more than £550 a year from April.
This is due to the “triple lock”, which means the state pension increases by either 2.5%, inflation, or average earnings growth – whichever is the highest figure.