Cohabiting unmarried couples are in danger of overpaying tax by thousands of pounds, a Chartered Financial Planner has warned.

Pension savers have reclaimed £693m in overpaid pension tax since the Pension Freedoms were introduced in April 2015.

Chancellor Rishi Sunak will present his next Budget to MPs on 3 March.

The political elite are as likely to vote for a proposed wealth tax “as turkeys voting for Christmas, according to Canada Life responding to the proposal of a one-off wealth tax from the Wealth Tax Commission.