Though Chancellor Rachel Reeves has U-turned on plans to raise income tax in next weeks budget, she still have to make up the money to fill in the £50billion blackhole in government finances . Instead of income tax, she is targetting a "smorgasbord" of other money makers which could leave you £555 worse off by 2030.

There are several rumours about what will be up for the chop in the budget. Among them are cuts to the cash ISA allowance, a cap on salary sacrifice and a stealth tax by extending the current income tax thresholds, The Sun said. There is no way to know what will happen for sure until the budget is announced on November 26.

It is not known when these changes would be enacted, so these predictions are calculated in the two years up until 2030 as if they would come in by 202

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