elationship between you and your financial adviser is a vital one/www.telegraph.co.uk/investing/quilter-wealth-management/questions-to-ask-financial-adviser/?WT.mc_id=tmgspk_plrnlr_2774_AtZZC1xs4bPq&utm_source=tmgspk&utm_medium=plrnlr&utm_content=2774&utm_campaign=tmgspk_plrnlr_2774_AtZZC1xs4bPq&plr=1&mvpf=88cac5ad91614fea88712d7337420803&mvpflabel=elationship between you and your financial adviser is a vital one/www.telegraph.co.uk/investing/quilter-wealth-management/questions-to-ask-financial-adviser/?WT.mc_id=tmgspk_plrnlr_2774_AtZZC1xs4bPq&utm_source=tmgspk&utm_medium=plrnlr&utm_content=2774&utm_campaign=tmgspk_plrnlr_2774_AtZZC1xs4bPq&plr=1&mvpf=88cac5ad91614fea88712d7337420803&mvpflabel=
Which party will leave more money in your pocket? Plus: 'A lucky escape from doomed Equitable Life meant I quit work at 50'
| Wednesday December 11 2019 |
Telegraph Money The week's most important personal finance news, analysis and expert advice, from pensions and property to investment ideas and savings tips.
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What this election means for your personal finances | | By Stephanie Baxter, Deputy personal finance editor |
| We finally go to the polls tomorrow. Still haven’t decided who to vote for yet? It's not all about Brexit – the outcome of this general election could have a huge impact on your money. The major parties have made huge pledges, from Labour’s multi-billion pound promise to compensate all women born in the Fifties who were affected by the rise in state pension age, to the Tories’ suggestion of axing the BBC licence fee. Labour might sway voters with its 1.5bn pledge to cut train season ticket fares, but its inheritance reforms could cost you 140,000. Its other ideas could mean investors pay thousands more in tax, while self-employed workers could be as much as 10,000 worse off under Corbyn. Want to find out how much extra income tax you would pay under the different parties? Try out our nifty calculator. As always, our priorities and needs change as we progress through life. So we have analysed each party’s policies on personal finance to help you choose which party you should vote for depending on your age. While you're here, please support the Telegraph’s 2019 Christmas Charity Appeal. The Silver Line is a 24-hour helpline providing support and friendship to lonely elderly callers; Wooden Spoon works with the rugby community to fund projects for sick, disadvantaged and disabled children; and Leukaemia Care supports families and individuals affected by blood cancer. To find out more and make a donation please visit telegraph.co.uk/charity. Thank you! Become a Telegraph subscriber today and you'll save 50pc on a Standard Digital Subscription. That's just 1 per week for your first three months. If you've been thinking about subscribing, this is the perfect time – and the perfect offer. You'll get the inside track on what the manifestos from the Tories, Labour and Liberal Democrats mean for all your personal finances, from tax and pensions to buy-to-let and property.
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Best of the rest | Questor Here is all the proof you need that investment trusts are the right way to hold property. Read more. | | Buying without mum and dad ‘I went from earning 17k at 18 to buying my first home by 21’. Click here to read.
| | Katie Morley investigates ‘New cleaner wrecked my real marble shower. Now I face 1,350 repair bill’. Here's how we won.
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Get in touch To pose a question to our team of expert reporters, email moneyexpert@telegraph.co.uk. If you'd like a free financial plan, email money@telegraph.co.uk with the subject 'Give me a Money Makeover'. And make sure to join our new investment-focused Facebook group to debate the latest share tips and investing trends. | |
You have the last word... Kelvin Clarke says of 'My dog ate a mince pie and it cost me 2,600': "I have been a vet for 35 years and consider the insurance scam a terrible development. Innocent, well-meaning clients just end up subsidising other high-priced vets and funding a lucrative strand of the insurance industry. It is not necessarily true that the vets are excessively greedy: like all professions, there are different perspectives on how veterinary care should be provided and clients should actively seek a relationship with their vet that they are happy with (find one you like). But by their very nature, insurance policies expect you to pay more than you claim out. And from the vet's perspective, the claims create a mountain of paperwork that engenders useless cost. So I gently discourage uptake of insurance by my clients (in Sydney)."
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