Pensions Planning: The NUMBER

sevenhills

Roger175 said:

Totally agree. Will people stop talking about this PLSA publication, it's total rubbish. As NoMore says, it's your own NUMBER which is important and it's not exactly rocket science to work this out ... just monitor your own spending!

I now earn around £20k per year, poor by most standards. So I will not have enough to comfortably retire before the age of 70, but then again if I wanted to retire on less or similar to my income, I could do that at age 65 in a couple of years.

Ibrahim5

We have lived in our newly built house for 25 years. One of the neighbours is up for sale. Someone told me it would never sell because it had the original bathrooms. We have renovated them by removing bits we didn't like but keeping the bits that were good. My wife was ordering stuff from Screwfix saying how cheap paint, grout, sealant is nowadays. Another friend was having his done for £4k 'professionally' and they were making a right pigs ear of the job . Ours look really good now after about £500 per bathroom. The original retirement living standards said that for a comfortable retirement you needed a new kitchen every 10 years and a new bathroom after 15. It's now just changed to £600 per year maintenance. It's interesting comparing your experience with the 'standards'.

sevenhills

Ibrahim5 said:

We have lived in our newly built house for 25 years. One of the neighbours is up for sale. Someone told me it would never sell because it had the original bathrooms. We have renovated them by removing bits we didn't like but keeping the bits that were good. My wife was ordering stuff from Screwfix saying how cheap paint, grout, sealant is nowadays. Another friend was having his done for £4k 'professionally' and they were making a right pigs ear of the job . Ours look really good now after about £500 per bathroom. The original retirement living standards said that for a comfortable retirement you needed a new kitchen every 10 years and a new bathroom after 15. It's now just changed to £600 per year maintenance. It's interesting comparing your experience with the 'standards'.

When I moved into my house it had a plastic bath, I still have the same bath. Google says that they last 8-15 years, I moved in 12 years ago.

But its my roof that may cost me ££ in the short term. The kitchen is 12 years old, ok for now.

swindiff

I fitted my kitchen 8 years ago.  It still looks pretty much new, there is no way it is going to need replacing in another 10 years, let alone 2.

MallyGirl

The previous owners fitted our kitchen at least 20 years ago. I know it cost them a lot as the posh shop that did it is still there. It does need the doors repainting again - something we do ourselves about every 7 or 8 years accompanied by a lot of swearing - but the structure is sound and we won't be changing it unless there is a flood or something and then it would be an insurance job.

vacheron

swindiff said:

I fitted my kitchen 8 years ago.  It still looks pretty much new, there is no way it is going to need replacing in another 10 years, let alone 2.

Our Kitchen was fitted 5 years ago as part of a new extension, and I still consider it new. We work on the principle of do it once, do it right, so we went with real wood doors, granite worktops, a 4x2m central island and all Neff appliances. There is no way I can afford to replace that every 10 years, nor would I want to endure the disruption of doing so! 

We even have 2 large pan drawers which were perfectly dimensioned so that when we pop our cloggs, you can fold us in half and bury us in them! 

saucer

vacheron said:

swindiff said:

I fitted my kitchen 8 years ago.  It still looks pretty much new, there is no way it is going to need replacing in another 10 years, let alone 2.

Our Kitchen was fitted 5 years ago as part of a new extension, and I still consider it new. We work on the principle of do it once, do it right, so we went with real wood doors, granite worktops, a 4x2m central island and all Neff appliances. There is no way I can afford to replace that every 10 years, nor would I want to endure the disruption of doing so! 

We even have 2 large pan drawers which were perfectly dimensioned so that when we pop our cloggs, you can fold us in half and bury us in them! 

You must have a lot of pans ... or be very small

kimwp

saucer said:

vacheron said:

swindiff said:

I fitted my kitchen 8 years ago.  It still looks pretty much new, there is no way it is going to need replacing in another 10 years, let alone 2.

Our Kitchen was fitted 5 years ago as part of a new extension, and I still consider it new. We work on the principle of do it once, do it right, so we went with real wood doors, granite worktops, a 4x2m central island and all Neff appliances. There is no way I can afford to replace that every 10 years, nor would I want to endure the disruption of doing so! 

We even have 2 large pan drawers which were perfectly dimensioned so that when we pop our cloggs, you can fold us in half and bury us in them! 

You must have a lot of pans ... or be very small

Or have two (very) large pans

m_c_s

Pan's People

LL_USS

Unless we need to remodel a kitchen because of changing needs, if the structure inside is sound I would just change the worktop and doors to refresh the look. Why throwing away a good structure to the landfill.