A lack of clarity makes it difficult to compare providers.

According to the annual UK Family Business Sector Report, compiled by Oxford Economics for the Institute for Family Business (IFB) Research Foundation, these family-owned firms now turn over £1.4 trillion each year.

Pensions savings, childcare and the cycle-to-work scheme will all be excluded from the change.

Insurance premium tax will have doubled in less than two years.

The NS&I bond will be the market leader by some distance.

Those who have used pension freedoms will have the amount they can keep adding to their pensions cut dramatically.

The Chancellor reaffirmed the Government's plans to increase the personal tax free allowance and higher rate threshold.

"We have set our course. We are a great nation. Bold in our vision. Confident in our strengths. And determined in our ambition to build a country that works for everyone."

Philip Hammond abolishes future Autumn Statements. Instead, the UK will hold annual budgets in Autumn from 2017 and hold spring fiscal statements http://tgr.ph/i3kJGm

Here we lay out three basic financial strategies to cater for a few broad groups of retirees.

Chancellor Philip Hammond has said his first Autumn Statement "is focused on preparing and supporting the economy as we begin writing a new chapter in our country's history".

Some of his proposals have already been signalled, such as new restrictions on the use of "salary sacrifice", but there are bound to be some unexpected changes too.

Your definitive guide.