The Budget

Parents may be able to leave homes worth up to £1 million to their children without paying inheritance tax, according to leaked Treasury papers.

Pensioner Bonds will pay market-leading rates of 2.8% on a one-year bond and 4% on a three-year bond from January 2015, the Treasury has revealed today.

Many pensioners are missing out on a higher retirement income as annuity providers aren't doing enough to encourage customers to check if they can get a better deal elsewhere, the Financial Conduct Authority (FCA) has said today.

From today millions of people will begin to receive their first annual tax statement in the post, a document that sets out exactly how much they pay in to the Exchequer and how that money is spent.

People aged over 55 will be able to dip into their pension pot like a bank account as part of the Government's drive to give people greater freedom over retirement savings.

Savers will be able to pass on money in their pension pot tax free to their children and grandchildren upon their death, after Chancellor George Osborne announced that he will abolish a 55% penalty tax for some groups.

ISAs transform into NISAs (New ISAs) today, meaning everyone can now put £15,000 into cash or shares savings without paying tax on it.

Special Pensioner Bonds paying "market-leading" fixed savings rates will be available from January 2015 to all over-65s, Chancellor George Osborne announced in today's Budget.

Smokers will be hit by higher prices as the Chancellor announced increases in tobacco duty in today's Budget. Meanwhile, the price of beer will fall by 1p.