Pensions Planning: The NUMBER

Dh6

quirkydeptless said:

I'm retiring in 4 months time. Quick totalling up gives:

Food & Household                    £3900
Council Tax                               £1274
Energy (Gas & Elec)                 £ 674
Water                                        £ 294
Mobile                                       £ 180

Broadband                                £ 564

TV Licence                               £ 170

Heating Servicing                     £   40

Investment Fees                       £ 180

Phone Insurance                      £ 168 

House Insurance                      £ 120

Luxuries                                   £4800
Subscriptions                           £     0 

Comes to £12330

I could get some of the costs down however even without that  I will be able to pull a lot more than this from my savings and investments for a long retirement
Luxuries are an estimate of my holiday spending pre-Covid plus other treats. That can go up with more time available when not being in work.
I also don't subscribe to any of the streaming channels, hence the 0 for subscriptions, but that's also something I could increase if I want to.

I’d be interested to know if the “heating servicing” at £40 is a typo?

I was charging that 10 years ago when I first went self employed for a strip down boiler service. 

There’s some guys round here charging £50 for a “poke and go” boiler service which includes absolutely no “servicing” whatsoever!

quirkydeptless

Dh6 said:

quirkydeptless said:

I'm retiring in 4 months time. Quick totalling up gives:

Food & Household                    £3900
Council Tax                               £1274
Energy (Gas & Elec)                 £ 674
Water                                        £ 294
Mobile                                       £ 180

Broadband                                £ 564

TV Licence                               £ 170

Heating Servicing                     £   40

Investment Fees                       £ 180

Phone Insurance                      £ 168 

House Insurance                      £ 120

Luxuries                                   £4800
Subscriptions                           £     0 

Comes to £12330

I could get some of the costs down however even without that  I will be able to pull a lot more than this from my savings and investments for a long retirement
Luxuries are an estimate of my holiday spending pre-Covid plus other treats. That can go up with more time available when not being in work.
I also don't subscribe to any of the streaming channels, hence the 0 for subscriptions, but that's also something I could increase if I want to.

I’d be interested to know if the “heating servicing” at £40 is a typo?

I was charging that 10 years ago when I first went self employed for a strip down boiler service. 

There’s some guys round here charging £50 for a “poke and go” boiler service which includes absolutely no “servicing” whatsoever!

My list was snaffled from Bravepant's list, and it's a leftover from that. I only got a new boiler replacement over the new year and will need an annual service to keep its warranty. No idea how much it will actually cost, so that line is just a placeholder.

Amateurretiree

we pay £40 quid a month to British Gas for yearly service of boiler and breakdown repair . Feels expensive but they are reliable.

michaels

Amateurretiree said:

we pay £40 quid a month to British Gas for yearly service of boiler and breakdown repair . Feels expensive but they are reliable.

Our annual service which was also a 'sign on inspection' with BG homecare took all of 10 minutes, not sure if the guy even removed the cover

Dazza1902

Basic safety checks take 40 mins, the cover has to come off. Older open flued appliances take significantly longer

fred246

A gas installer put a new Worcester Bosch boiler in at my parents house. "Fantastic boilers these. I've had one for years. It's never been serviced. Just keeps going. Doesn't need servicing." I told him he wasn't supposed to say that.

cfw1994

fred246 said:

A gas installer put a new Worcester Bosch boiler in at my parents house. "Fantastic boilers these. I've had one for years. It's never been serviced. Just keeps going. Doesn't need servicing." I told him he wasn't supposed to say that.

It does if you want to be able to call on the warranty in the years ahead.
Good luck if they ever get the dreaded EA error codes.  Our last one suffered that for a while, before we realised it was beyond engineering skills to fix and replaced with an Ideal.  Which *is* serviced by a friendly gas fella we know for about £30.

westv

If you don't have your boiler annual vacuuming how do you know it's still running safely?

fred246

I remember at the gym 2 gas installers talking about a colleague who was upsetting customers by servicing boilers too quickly. "He's finished in 2 minutes. Instead of asking a few questions to sound interested and then messing about for a few minutes like we would do".

Arkers

westv said:

If you don't have your boiler annual vacuuming how do you know it's still running safely?

Yes Henry Hoover is a vital piece of kit!