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High net worth (HNW) advisers have branded measures in today's Budget to restrict tax relief on pension contributions for top earners as "yet another nail in the coffin" for savers.

The Association of Investment Companies (AIC) says tax breaks for investment trust bond holdings in today's budget could see a new market for closed ended fixed interest funds.

Entrepreneurship in the UK could be under threat by punitive tax measures for high earners announced in the Budget forcing many to move abroad, according to industry commentators.

The Government has announced legislation to restore the non-payable dividend tax credit for offshore funds which are largely invested in equities.

Alistair Darling has revealed a new tax amnesty inviting holders of offshore accounts to disclose any unpaid tax and settle up or face repercussions.

The investment industry has given its support to the £3,000 increase in the tax free ISA saving limit but the Government has attracted criticism for only allowing over-50s to benefit from the measure this year.

Mortgage experts have dismissed the Budget's housing proposals as 'largely ineffectual' and say the Government should have gone further to boost the market, especially on stamp duty.

The Government has announced legislation to restore the non-payable dividend tax credit for offshore funds which are largely invested in equities.

Enterprise investment schemes will see a number of improvements implemented to the schemes in this year's Finance Act.

Removing higher-rate tax relief for the well paid will undermine the A-Day agreement and sends out the wrong message on pension savings.