Banking

The Government has confirmed plans to merge the basic and second state pensions.

Pensioners were the big losers from today's Budget, with the news 4.4 million will pay more tax from April 2013, at an average loss of £83 each per year. This has been dubbed the new 'Granny Tax'.

Pensioners received a £3.3 billion blow in today's Budget as they found out they will eventually lose the higher personal allowance they enjoy in comparison to the rest of the population. This has been dubbed the new 'Granny Tax'.

Low and middle income earners received a boost today as Chancellor George Osborne revealed the personal tax allowance will rise for the under 65s, but pensioners will lose out.

Every taxpayer is to receive a personal statement spelling out what the Government is spending their tax on.

The Isa savings system should be revitalised to help shelter beleaguered savers and struggling first-time buyers from taxation, campaigners have said.

"Complicated" restrictions on the Government's scheme to support the millions of workers who will be automatically placed into workplace pensions must be removed to ensure its success, MPs warned today.

Missed rent payments could cost you a mortgage, loan, credit card, or indeed a new tenancy agreement.

Cash Isa transfer times have shortened following action by the Office of Fair Trading (OFT), though they still take well over two weeks.

Squeezed consumers searching for the best deals face a "major risk" of being sold financial products they do not need, the finance watchdog warned today.