Owning your home.

Yep, 325k right now. The way house prices have been going, it may be difficult when it comes to sale time for the deceased persons estate to be less.
It is 325k for an individual. If you partner died before you their 325k is carried over. Effectively your starting point for your house and all other assets is 650k. You can then factor in various forms of relief and you are looking at nearly a million before you are taxed.

@denislawsbackheel beat me to it by seconds
 
Well this is another issue. A lot of young people did what they were supposed to do and went to university. It was encouraged for everyone. And what do they get in return? A job market where everyone has a degree so it's worth fuck all, and effectively 9% extra tax on all earnings above just over £20k until they pay the loan back (which for most people will be never - which of course the next generation will have to pick up the tab for).
Depends on what the degree is in and from which University. Go to an ex poly and do a degree in underwater basket weaving and you’re lucky if you get a job in McDonalds.

Go to a Russell Group University and get a degree in Economics, Maths, Medicine, Law, Engineering, Physics, Chemistry etc and you’ll earn a good salary.
 
Depends on what the degree is in and from which University. Go to an ex poly and do a degree in underwater basket weaving and you’re lucky if you get a job in McDonalds.

Go to a Russell Group University and get a degree in Economics, Maths, Medicine, Law, Engineering, Physics, Chemistry etc and you’ll earn a good salary.
Tbf you used to be able to move to Atlantis and work as a basket weaver but since Brexit it's impossible to get a visa
 
The only thing that’s missing from this often told anecdote of women having children for the sole purpose of getting more benefits, is the small detail that raising a child incurs significantly more expense than the benefits it triggers.
You miss the point. While child allowance does indeed not pay the costs, by claiming it she preserves her main benefits which cannot be withdrawn under these circs. Dont know what the new rules are under Universal benefits.
 
The only way to sort this pout is to stop corporations buying property, saw a video from usa which says corporations are out bidding normal people to hoover up property, individuals just can’t compete, they are creating a nation of renters. This is happening here, a 3 bed house is around £250k who the duck can save £25-50k and then mortgage payments on that in their 20s especially if they’ve been in university until 22 or longer. Of course they won’t change the rules as many of the lawmakers are in bed with these corporations.
One of my daughters is 29, her and her partner rent a flat in a nice part of Sale, she has a good job, he also has but is on contract. Ex Uni...done and still doing the world trip things, do all the festivals etc etc....They ' say ' they have £30k plus saved and are looking for a house. I wish they'd hurry up because as mentioned the gap is getting wider and if they dont I cant see it happening until I croak and they can fuck right off.
 
Depends on what the degree is in and from which University. Go to an ex poly and do a degree in underwater basket weaving and you’re lucky if you get a job in McDonalds.

Go to a Russell Group University and get a degree in Economics, Maths, Medicine, Law, Engineering, Physics, Chemistry etc and you’ll earn a good salary.
My erstwhile neighbours daughter did a degree in TV Makeup.
 
One of my daughters is 29, her and her partner rent a flat in a nice part of Sale, she has a good job, he also has but is on contract. Ex Uni...done and still doing the world trip things, do all the festivals etc etc....They ' say ' they have £30k plus saved and are looking for a house. I wish they'd hurry up because as mentioned the gap is getting wider and if they dont I cant see it happening until I croak and they can fuck right off.
Best they buy one and rent it out otherwise like you say they are buggered
 
Depends on what the degree is in and from which University. Go to an ex poly and do a degree in underwater basket weaving and you’re lucky if you get a job in McDonalds.

Go to a Russell Group University and get a degree in Economics, Maths, Medicine, Law, Engineering, Physics, Chemistry etc and you’ll earn a good salary.
It's simply not true though. Okay, maybe medicine is a safe bet, but a lot of these job-related degrees, that have a clear highly-paid role attached are massively oversubscribed. We graduate far more law students than there are jobs in that field. The same with economics. The same even with engineering graduates, 75% of who will never work in engineering.

The issue is that tuition fees and the resulting debt create a system where personal monetary gain is the sole factor that people consider when choosing a degree (understandably, perhaps). Which means people gravitate towards the degrees that have a clear job attached (I see this all the time in Asia, where parents typically pay for the degree out of pocket - no-one studies maths or the sciences, they study finance, accounting, business studies, etc). But because everyone does it, they become massively oversubscribed and employers can suddenly pay lower wages because of the glut of graduates. How many taxi drivers in India do you reckon have a degree in IT engineering?
 
A couple of points.

Having paid of my mortgage a couple of years ago i am less stressed about money, however it hasn't had any impact on my day to day mood, so,me days are good others are crap. Have I made use of the extra money to improve my lifestyle? No not really, I have built a nice moderate emergency fund so could afford to be out of work for maybe 12 months but now I have just moved my focus to my Pension.

I think it all depends on the individual, if I had lost the house in a divorce or was in danger of having it taken to cover care costs i am sure i would feel differently.
 

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