A report by the think tank Social Market Foundation warns of the widening gap between men and women's wealth as life spans increase.
HMRC has been accused of treating taxpayers unfairly after it increased the interest rate charged to late taxpayers whilst its own repayment rate has remained frozen.
Accountancy body the Association of Chartered Certified Accountants (ACCA) says there should be a level playing field and that the current system has a ‘huge discrepancy’.
Removing the 1p and 2p from circulation would not cause inflation according to analysts at the Bank of England.
Critics say that scrapping copper pennies would lead to price increases as items could potentially be rounded up to the nearest pound by retailers.