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Protecting your finances now Labour are in charge

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Primrose53 Sat 06-Jul-24 16:07:45

Anybody else making plans to protect their finances now Labour is in charge?

They will be after any penny they can get, make no mistake about that! Nothing will be safe from them. I even heard they will be after you if you have a very large garden.

Labour hates anybody to have more than one property (except of course Angela Rayner) so we are ending our holiday let property and making alternative arrangements.

There’s a ring of steel going round our savings and investments. We might give some to the kids and we might treat ourselves to new cars or extra special holidays in the near future. 😉

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BigBopper Mon 09-Sept-24 15:58:20

I am just leaving things as they are. I pay tax already. I have a house that will pay for me if I have to go into a care home and if I don't go in a care home then whatever IHT the government takes off me there will be quite a decent sum of money left on the house for our family to enjoy.

Our parents rented council houses all of their lives and when they died we got nothing so whatever our children get when I die they will be grateful for I am sure.

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BigBopper Mon 09-Sept-24 16:11:30

I checked yesterday and at the moment the cost of my home and assets does not take me over the IHT limit. I am in my 80's so don't think house prices will rise in value all that much in this day and age. Our parents lived in council homes and left us nothing when they died but we forged our own lives so I am sure whatever I leave our family after IHT I am sure they will be grateful.

I am not going to worry about it.

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Lisaangel10 Mon 09-Sept-24 20:02:25

I don’t worry about it but would really like to hang on to what we already have.

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