Millions of savers could lose hundreds of thousands of pounds in potential pensions savings if proposed changes to pension tax relief, which could be announced at the Budget, comes into force. Sajid Javid, the Chancellor, is considering plans to limit tax relief on pension contributions to 20pc, as revealed by The Telegraph. All taxpayers would only receive a flat rate of tax relief – the current level offered to basic rate taxpayers. This will be instead of some receiving relief at their marginal rate of income tax of 40pc or 45pc. But how much would higher earners lose? Those earning £50,000 or less would not be affected but those who earn between £50,000 and £150,000 would lose the additional 20pc top-up from the Treasury. Those with annual income above £150,000 would lose an additional 25pc relief on all pensions savings....