Retirement warning as millions urged to 'prepare for a world where state pension doesn't exist'
The Government is now spending more money on benefits than it gets from people paying income tax
State pension
Pensioners to be slapped by tax withdrawal charges by HMRC in latest crackdown
The tax authority warned workers could face major bills after being drawn into avoidance arrangements
Rachel Reeves's pensions inheritance tax raids force savers to withdraw £2.3billion from retirements
More than 116,000 people accessed funds early as concerns grow over 2027 rule changes
