Financial Planners are currently unconcerned about any shorter-term impacts hitting clients following the announcement of a UK General Election to be held on 4 July.

Financial Planners have welcomed a “skillful” budget but warned it will hit higher earners.

Chancellor Jeremy Hunt has halved the tax-free allowance for dividends from £2,000 to £1,000 per year.

Changes to the inheritance tax (IHT) system could be a vote winner for politicians at the next election as IHT receipts continue to rise, according to Financial Planners.