“Help springs up for UK graduates facing bleak job market”

Jul 1, 2020 | Economy

An independent (financial adviser’s) view

It’s interesting that the worst paid jobs are both those which no-one, and everyone wants to do. In the ’no one’ category are those who work in places we can’t do without, like hospitals, care homes, supermarkets, bin lorries and, yes, pubs and restaurants. In radio, TV, film and fashion and showbiz, most (apart from a few at the top of the tree) earn next to nothing or nothing at all if they’re graduate interns. Careers advice for your kids etc. should be to go for something dull and unglamorous if you want to pay the mortgage. You don’t see many TV series about hard-hitting teams fo financial advisers fighting to bring pension planning to the masses, do you? And for that reason, most prefer the ‘Devil Wears Prada’ option. Which may not be an option for a while.

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“Reeves backs down on plans to cut ISA limit”

“Reeves backs down on plans to cut ISA limit”

So it looks as though Cash ISAs are safe for the moment (FTM – is that a thing?) Rachel has apparently ‘bowed to pressure’ from the banks and building societies and decided not to reduce the allowance to £4,000 for cash and to keep the £20,000 parity with Stocks and Shares ISAs. Bowed also to common sense, I’d say.

“Two thirds of adults are worried about care costs in later life”

“Two thirds of adults are worried about care costs in later life”

A dichotomy/dilemma here. Two thirds of adults are probably right to be worried about the cost of care, which is huge and getting more so. Many of those currently worrying will have had first-hand experience with their own parents, which will have focused their minds on their own possible future.

“Why most won’t need to worry about IHT on pensions”

“Why most won’t need to worry about IHT on pensions”

Many a government has made the point that only a minority will be affected by this or that tax change or tinker. It is, however, both perception and aspiration which are important, and they are what makes IHT the ‘most hated’ of all taxes – along with all the others, of course.