The Office of Tax Simplification has made a range of recommendations in a bid to make tax simpler for Britain's pensioners.
Parents will need to start saving early on to be able to send their children to private school as costs soar.
The maximum amount savers can put in an Isa is expected to rise to about £11,532 from next April, following rises in the cost of living, according to reports.
Under-45s have "unrealistic" expectations of when they would be able to retire, a new report has revealed.
The Financial Services Authority (FSA) has expressed concerns that an increase in advised sales of investment bonds by life insurance companies may be a sign of a commission grab ahead of the implementation of the Retail Distribution Review (RDR).