“Reopening schools will put UK back in lockdown, top scientist warns”

Aug 12, 2020 | In the news

An independent (financial adviser’s) view

Schools have been much in the news this week. For quite rightly, saying that, while they have to complete a several-page risk assessment (I remember these from my years as governor) to take kids to a local museum, they’re expected to make it up as they go along as the reopen in the midst of a pandemic. And, yes, the Scottish students were quite right to say ‘Trust our Teachers’. The nettle should be grasped and exams abolished in favour of properly-moderated teacher assessments. They won’t be of course, as enough of those in charge will have crammed their ways through their exams and so work on the ‘if it was good enough for me’, basis. Thus policy always takes two steps back for each forward-thinking reform. I’d say.

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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.