According to Ms Wilson, pension tax relief is an "obvious target". She's suggested the possibility of higher-rate relief on pension contributions may be scrapped in favour of a "more equitable spread among lower earners". “This has been rumoured for a few years and could net over £10billion in extra tax," Ms Wilson explained. "But as it would increase the tax bills of people earning over £50,000 it would mark a move away from the government’s election promises and that may be a step too far for the Prime Minister. “Another rumoured move is to reduce the 25 percent tax-free amount that can be withdrawn when you access your pension pot, which you can currently do from aged 55 onwards.