Labour has accused the Conservatives of plotting a secret tax cut for millionaires after the General Election, as political parties launched a battle over economic statistics.
Shadow Chancellor Ed Balls predicted a Conservative government would hike VAT - something David Cameron has ruled out - and slash the top rate of income tax for earnings over £150,000 from 45p to 40p.
The allegation was among a series of claims and counter claims as Labour, the Conservatives and the Lib Dems all claimed their rival parties would make people worse off.
Mr Balls said: "We know that is their secret plan - another big tax cut for millionaires.
"How can it be fair when families here in Leeds and across the country are struggling and £1,100 a year worse-off?
"How can it be fair to have a tax cut for the very richest when our NHS is in crisis and going backwards?
"How can this be fair when we need to get the deficit down and the Tories are now planning deeper cuts in the next three years than the last five?"
Speaking south-west London, Lib Dem leader Nick Clegg told Sky News the Conservatives had sought further cut taxes for millionaires in government but were only stopped by his party.
"I was very amused yesterday to hear George Osborne and David Cameron saying with earnest sincerity that they had no plan of giving further tax cuts to people at the top because, I tell you, they had exactly that plan in government and it was something that we said we would not go along with."
While Chancellor George Osborne has said there are "no plans" for a cut to the 45p rate of tax, he refused to rule it out definitively four times on Sky News.
But Tory Treasury minister David Gauke hit back by claiming Labour has a secret plan to boost revenues by dragging more workers into the 40p higher rate of income tax and increasing national insurance contributions.
"Ed Balls and Ed Miliband must set out the details of their secret plan for £3,028 of tax rises on every working family - the British people have a right to know what these tax hikes are.
"The choice at this election is clear. Lower taxes under David Cameron. Or higher taxes under Ed Miliband and the SNP."
Prime Minister David Cameron will later claim 94% of working families are better off after tax and welfare changes this financial year.
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According to the leader of the Conservatives, Treasury statistics show working households will on average benefit by £200 a year, and pensioner households by £180.
Mr Cameron is expected to say: "Today is a big day for our country. It's 'money-back Monday' - a day when, quite simply, hardworking taxpayers get to keep more of their own cash.
"A whole host of changes to our tax, benefits, pensions and savings systems come into effect today.
"And, as a result - a result of action we Conservatives have taken - our country becomes a better and fairer place to live.
"(A place) where those who put in, get out; where hard work is rewarded; and people are trusted."
While the Conservatives are highlighting figures that indicate people are better off, Labour claim the opposite.
Meanwhile, Lib Dem Chief Secretary Danny Alexander, has shared embarrassing details of a meeting from 2012.
Speaking to The Independent, Mr Alexander said: "The Tories' priority at the time was the top rate of tax.
"I remember one meeting with a group of senior Conservatives and one of them - I'm not going to say who - said: 'Listen, you take care of the workers and we'll take care of the bosses'."
Easter Monday also marks an overhaul of the pensions system, when for the first time pensioners will be able to cash in their savings rather than buy an annuity.
Liberal Democrat Pensions Minister Steve Webb said: "As a Liberal I believe people should have the freedom to do what they want with the money they have saved up throughout their working lives.
"Our pension reforms will mean millions more people will have a better retirement."
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