The Liberal Democrat conference in Glasgow draws to a close today after nearly a week in which the party began to flesh out its tax and financial services policies ahead of the next election.
There have been plenty of examples of what the Lib Dems will put in their next manifesto and how they will differ from Labour and the Conservatives.
1. Pensions tax relief
In its Fairer Taxes policy paper the Lib Dems backed a cut to the pensions lifetime allowance from £1.25m to £1m.
An internal party memo, sent to journalists by mistake, still said this as a “generous” level of relief that would not impact many people.
Privately, senior Lib Dems support a much more radical overhaul of the system to skewer it more towards lower earners. They are considering proposals to massively shake up the system to make it more visible and simpler. Their last general election manifesto called for higher rate relief to be scrapped altogether.
2. Capital Gains Tax
Increases to capital gains tax has been another long-term Lib Dem focus and they did not let up at this year’s conference.
The party wants to align CGT with income tax rates to tackle what it sees as tax avoidance strategies.
It currently stands at between 18 per cent and 28 per cent after changes in the emergency 2010 budget.
The Lib Dems also want indexation to apply to CGT so inflation is taken into account when calculating the gain, to benefit long term investors.
3. Personal allowance
The Lib Dems have been at pains to stress it was their policy to raise the income tax personal allowance to £10,000 in April 2014.
Treasury chief secretary Danny Alexander said the Conservatives have a “bloomin’ cheek” trying to claim credit while Clegg has repeatedly pointed out that David Cameron said it was unaffordable before the last election.
Such is the perceived popularity of the move, the Lib Dems want to go further and increase the allowance to £12,500.
The thinktank, Resolution, has pointed out this would take more people out of auto-enrolment, which could hit lower earners saving for retirement.
4. Wealth Tax
An unlucky Lib Dem press officer sent a memo intended for MPs and ministers on “lines to take” for Monday to journalists in an error worthy of a scene from the The Thick of It.
It contained a reference to people earning more than £50,000 as “very wealthy” and signalled the party would like to tax them more.
Some form of wealth tax has been another party obsession and, although there are no detailed proposals on the table, they are not going to let it drop.
The party also remains committed to a mansion tax, a 1 per cent charge on all properties worth more than £2m.
5. 50p tax rate
In an incredibly narrow vote on the conference floor the party decided to keep its endorsement of the 45p top rate and side with the leadership.
The vote highlighted the fact the party is split down the middle on the issue but that it is unlikely to offer a change in its manifesto.
6. Consultancy charging
Lib Dem pensions minister Steve Webb says he was “gobsmacked” at standards of future auto-enrolment schemes when he took the job.
He has acted by consulting on a charges cap and banning consultancy charging and is now considering making it retrospective.
Possible retrospective action has raised questions over whether pre-RDR commissions on auto-enrolment schemes could face action. When asked by Money Marketing Webb dodged the question but pointedly refused to rule it out.
Some in the industry estimate there is as much as £200m in pre-RDR commissions and it could put thousands of advisers out of business.
7. Regulated advice around long-term care
After months of intensive lobbying by the industry the Government says it will create a stronger role for regulated financial advice in its long-term care reforms.
The Care bill currently refers people looking for long-term care to “independent” financial advice but not regualted advisers.
Care services minister Norman Lamb says he will “strengthen” the role of IFAs in the bill and is attracted to the possibility of advisers giving free initial consultations to those looking for long-term care funding.
Health minister Earl Howe also met with campaigners last week and said he understood concerns and will look to make changes.