Chancellor Jeremy Hunt has announced that the Government will abolish the “Class 2” National Insurance charge for self-employed people earning over £12,570 a year.

Inheritance Tax receipts rose by £400m year on year to £3.9bn in the latest half year from April to Sept - continuing the rapid upward trend seen in recent years, according to the latest data from HMRC.

Only one in 10 financial advisers support the government’s proposed changes to the tax rules on pension death benefits.

Inheritance Tax Receipts increased £300m year-on-year to £3.2bn in the five months from April to August, according to the latest data released today by HMRC.