The UK’s wealthiest retirees paid themselves annual pension income of around £3m each last year but lost almost half of that in tax, according to figures published for the first time today.

Rumours of a tax rise in the Budget have encouraged 16% of people to consider raiding their pension pots for tax-free cash, according to new research.

Latest HMRC figures out today reveal that the total government tax 'take' jumped £8.9bn year on year in the latest five month period.

An increasing number of families are being caught out by unexpected inheritance tax bills on gifts made less than seven years before death.

The number of people expected to pay dividend tax in the 2024/25 tax year has almost doubled since 2021/22, a Freedom of Information request from AJ Bell has revealed.