UK businesses will pay 78% (£2.9bn) of the £3.7bn extra tax the Government expects to raise yearly with its salary sacrifice pension changes from April 2029, according to analysis from Chartered Financial Planning firm Bowmore Wealth.

Chartered Financial Planner and wealth manager Bowmore Wealth has increased its Assets Under Advice (AUA) by £135m with the acquisition of two London financial advisers, DWA Protector Limited and Rogate Capital Limited.