Plus: 'I was forced to sell my 44 properties, here's how I saved 250k in tax'
Wednesday, August 14, 2019 |
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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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The Telegraph take | By Stephanie Baxter, deputy personal finance editor |
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Saving and investing is a minefield at any age, and the financial pressures on our lives change through the years. Don't believe anyone who says "life gets easier as you get older"! But fret not, as we have come up with the best ways to invest 10,000 in each decade of your life. In our 20s, most of us will be in the very early stages of our careers, renting and dreaming of one day owning our own home. Thirty-somethings have different challenges – they face short-term cash calls but must also consider long-term savings. They may have bought a house and tied the knot, but earnings will still be far off their peak. By our 40s, many of us will have a mortgage and children. Suddenly, retirement does not seem quite so far away. Our six-part series, published every Monday at 7am, will help people in these age groups – as well as those in their 50s, 60s and 70s – figure out how to turn 10,000 into more. Do you have a question that needs answering in this series? Ask jonathan.jones@telegraph.co.uk or contact money@telegraph.co.uk. Get investing stories and ideas like this – as well as tips on tax, pensions, property and more – for just 2 a week with a subscription to Telegraph Premium. It's free for 30 days. Try it here.
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Farmer turned ad executive turned priest Peter Owen explains how he fared trying to live without money. Read the full interview. |
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You have the last word... |
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Night Owl says about Rail fares rising twice as fast as wages: five quick ways to cut the cost of rail tickets: "That the train companies penalise last minute bookings with higher prices is basically amoral since there is unlikely to be any seating available at the last minute in the UK at Christmas and so they would be safe to charge the same seat price to everyone from the outset." Isabella Maeer said about 'I was scammed out of 10k just 48 hours after giving birth – Barclays said it was my fault': “Banks do not staff their departments with people capable of doing other than reading off a script. They are petrified of losing their jobs if they deviate and these scripts are written wholly to protect the bank and not the customer. The law is supposed to do this but its application is often at odds with its intent.” Joanna Bax said about 'Student Loans Company overpaid my daughter by 6k – now its forcing her to repay': "University is a choice. If this girl made that choice to go to university then it comes with responsibilities. Graduates are more likely to earn more, so should surely pay for their education out of their high salary. If their salary doesn't reach a certain level then the debt is cancelled. Surely she doesn't expect the taxpayer to pay for her degree, which was her choice in the first place?"
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Contact us: 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'. Join our new investment-focused Facebook group to debate the latest share tips and investing trends. |
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