How much of what you were taught at school do you use in your everyday life? More than two- thirds of British employees wish they had been taught more financial skills at school, believing this would have improved their financial situation later in life7.
Pensions sit at the top of this list, with 40% of respondents saying better education would have encouraged them to take their own pension more seriously while they were young.
Skills we wish we’d learnt
Other financial topics British workers wish they had learnt about at school include:
Basic money management (eg budgeting) 28%
Saving methods (28%)
General investment knowledge (27%)
Understanding Interest rates (23%)
Mortgages and how to apply for them ( 21%)
Financial embarrassment
A separate study8 has revealed that 55% of UK adults don’t feel comfortable talking about money, with nearly one in five (18%) citing shame or embarrassment as the primary reason. This is despite 48% saying they regularly worry about their finances.
The value of financial advice
Whether you have financial concerns or you’re looking for help understanding financial basics, we’re not here to judge. We can provide simple, jargon-free advice that can help you take control of your finances once and for all. 7Portafina, 2019 8Money and Pensions Service, 2020
It is important to take professional advice before making any decision relating to your personal finances. Information within this page is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.
Equity release will reduce the value of your estate and can affect your eligibility for means tested benefits.
Tax and Estate planning are not regulated by the Financial Conduct Authority
The value of pensions and investments can fall as well as rise. You may get back less than you invested.
CA Financial Services Ltd are an Independent Financial Adviser based in Sevenoaks, Kent. From our Sevenoaks offices, we offer IFA services throughout Tonbridge, Tunbridge Wells, Dartford, Orpington and across into Sussex and Surrey. Please call us on 01732 617 950 to book a free initial appointment.
CA Financial Services offer financial advice, pensions, investments, ISAs, Equity Release and Inheritance Tax Planning for the whole family. We have 14 years’ experience as Financial Advisers based from Sevenoaks and are truly independent, allowing us to give our customers the best financial advice possible.
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