This is working for me. Changing the textView contentInset and frame inset/position to get the correct padding and word wrap. Then changing the textView bounds to prevent horizontal scrolling. You also need to reset the padding each time the text is selected and changed.
- (void)setPadding
{
UIEdgeInsets padding = UIEdgeInsetsMake(30, 20, 15, 50);
textView.contentInset = padding;
CGRect frame = textView.frame;
// must change frame before bounds because the text wrap is reformatted based on frame, don't include the top and bottom insets
CGRect insetFrame = UIEdgeInsetsInsetRect(frame, UIEdgeInsetsMake(0, padding.left, 0, padding.right));
// offset frame back to original x
CGFloat offsetX = frame.origin.x - (insetFrame.origin.x - ( padding.left + padding.right ) / 2);
insetFrame = CGRectApplyAffineTransform(insetFrame, CGAffineTransformMakeTranslation(offsetX, 0));
textView.frame = insetFrame;
textView.bounds = UIEdgeInsetsInsetRect(textView.bounds, UIEdgeInsetsMake(0, -padding.left, 0, -padding.right));
[textView scrollRectToVisible:CGRectMake(0,0,1,1) animated:NO];
}
-(void)textViewDidChangeSelection:(UITextView *)textView
{
[self setPadding];
}
-(void)textViewDidChange:(UITextView *)textView
{
[self setPadding];
}