Wealth manager and Financial Planner Independent Women has expanded across the UK following its acquisition by Mazars.

Inheritance tax receipts hit £1.2bn in April and May, a £100m rise year-on-year, according to figures released by HMRC this morning.

Industry experts have cautioned clients to avoid assuming that the inflation spike is over following news this morning of a significant drop in CPI inflation in April.

The government's inheritance tax (IHT) haul for the 2022/2023 tax year reached £7.1bn - £1bn higher than the record seen in the previous year.