Chancellor Sajid Javid has announced a cut to National Insurance from April which should benefit 31m taxpayers.

Pension savers will now be putting away more in their pots, as part of an increase in auto-enrolment minimum contributions, from 5% of qualifying earnings to 8%.

The Scottish Budget yesterday increased the extra income tax burden for many in the country.

Former Pensions Minister Baroness Ros Altmann has warned the government against imposing National Insurance on pensioner workers to fund social care.