Chancellor Jeremy Hunt announced in his Spring Budget today that the Government will scrap and reform the tax status benefiting individuals who are non-domiciled in the UK.

Insurance and savings trade body the ABI has called on the Government to scrap Insurance Premium Tax (IPT).

M&G Wealth has added a new tool help advisers calculate whether their clients could benefits from a Transitional Tax-Free Amount Certificate ahead of the abolition of the Lifetime Allowance (LTA) in April.

There were 862,000 additional rate taxpayers last year - more than three and a half times as many as the year the rate was introduced.