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 to vote for depending on your age
Plus: 'I retired at 45 by investing my redundancy payout'

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The Telegraph

Wednesday December 4 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.

Which party will be better for your finances?

By Stephanie Baxter,
Deputy personal finance editor

With just over a week to go until the general election, the political parties have been making last minute attempts to lure in voters.

Labour has promised 58bn to compensate all women born in the Fifties who were affected by the rise in state pension age, and 1.5bn to cut rail fares by a third.

Would that be enough to win your vote? Or would you be more likely to be swayed by pledges on renters' rights? Lower taxes – or better benefits for working parents?

Marianna Hunt has analysed each party’s policies to help you choose which party you should vote for depending on your age. Those in their 20s might be interested in student loans and saving to get on the housing ladder. By the time they reach their 30s, buying a home and starting a family become more pressing.

Pressures begin to build up fortysomethings as mortgage bills need to be and childcare costs need to be met. And as the 50s arrive, protecting pension savings and aspiring to retire early become priorities.

Over the rest of this week we will also look at which parties are best for those in their 60s and 70s.

One aspiration voters have in common despite their age is to not hand over more money to the taxman. Try out our nifty calculator to see how much extra you would pay in income tax under the three main parties.

There's all this and plenty more in Telegraph Money's analysis of 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.

Find out how the election will impact your investments and more by signing up to our Investor newsletter which is sent every Thursday.

 
 

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What are the key questions to ask your financial adviser?

 

You have the last word...

 

Carpe Jugulum says of 'How I retired early: ‘I left my 40k Air Ambulance pilot job and bought three annuities’: "I retired after 30 years policing and then again after 10 years teaching chemistry and biology. The first retirement lasted a week and the second lasted eight weeks before I agreed to cover a friend's maternity leave year. A third brief retirement was followed by another maternity cover year. Retirement #4 ended after 10 weeks when I was asked to cover a third year. Retirement #5 ends in December to be followed by a seven-month cover contract. Teaching in a sixth-form college can be stressful but teaching after retirement, with defined contract end dates, is far more enjoyable. Even better, teaching chemistry and biology to very bright sixth formers keeps senescence at bay, although my favourite question to date had nothing to do with science – 'Do we still get a resubmission if you drop dead on us?' ( I had a cold)."

 
 

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