Bear with me while I indulge in my favorite pastime of moaning, before bringing it back to why we all have reasons to moan.
So far this week I have been taxed in my head to such an extreme I wonder why I work. If you have not been to this place, the chances are your clients are just before they meet you. I jest.
The front cover of the Daily Telegraph told me that 'council tax doubles in ten years' in Wednesday’s issue. The average band D bill will rise to near 1500 next year from 700 in 1997 because the council and government have spent too much money on bickering, or something like that.
In the same issue I was ecstatic to read 'inflation busting fare rise will price people off the trains' with my own Kent to London line facing a 6.3 percent increase. Not huge on its own I hear you say? Anyone who catches the Victoria to London bridge train that goes through Brockley for 08.26 each morning will live ten years less than the average person for the sheer incompetence of the southern/south eastern company or whatever they are called, so 6.3% is not justified.
I actually thought about writing a blog just on my daily train journey but the risk to my heart was too great.
This made me think about all the other extras I will have to pay for next year;
- Tube fares bound to increase so Mayor Ken can show nice countries how wise he is
- Road tax, congestion charge expanding and increasing, toll roads increasing in everyway and no doubt emissions tax for not buying a new car ever-recycling?
- Nursery fees....up 10%; does anything except your basic salary go up by less than inflation?
- Beer and wine - this really annoys me as Gordon Brown et al probably claim it on expenses
- Utility bills rising by 40%
- Water bills...
- Charging me to withdraw my own money from a cash machine.
So all this got me thinking;
How does the government expect you, the adviser, to get your average and below average clients to save more, when the client is worrying whether they can afford to live in 2007?
I suppose it is just better to be aware of it their thoughts though so at least you can sympathise?
Send me your moans as I want to compile the scariest list of tax and price hikes ever put together!
Mike Jones is publisher of IFAonline.IFAonline
At PortfolioMetrix since April
'Humanises our offerings'
After facing adviser backlash
On 24 & 26 September