Quilter has warned that more than 1.1m taxpayers could be dragged into higher rate tax bands by 2027.

Pension savers have won more time to make voluntary National Insurance contributions to fill gaps in their National Insurance records and boost their State Pensions.

HMRC says that a record 11.7m taxpayers submitted their tax returns on time this year.

A million more people will be paying higher rate tax by 2027, according to forecasts published by HMRC in response to a Freedom of Information (FOI) request.