Comfort Pension Level

Cyberman60

atush wrote: »

Stating the obv but true. However the poster who I was replying too wanted to keep his cash under the 23K threshold so he didn't have to pay.

Nope, all I was saying is, why save it ALL for care home fees.

kpwll

atush wrote: »

Stating the obv but true. However the poster who I was replying too wanted to keep his cash under the 23K threshold so he didn't have to pay.

It is not just the savings threshold that is taken into account for care costs, they will also have to contribute from their 'earnings/income' in retirement.

grey_gym_sock

Cyberman60 wrote: »

Personally, I'd rather go down in my yacht than be in a care home. Paying for an expensive care home is no guarantee of being afforded better dignity and respect unfortunately.

yeah, but can you guarantee the crew of your yacht will treat you with dignity and respect when your powers are failing?

do you have even have enough money to buy a big enough yacht to accommodate full-time carers for you, as well as a crew? and to pay them all?

("yacht" covers quite a range of boats.)

Cyberman60

Moby wrote: »

I've kept a record of my outgoings for the last 10 years or so and recently averaged out my spending. The following figures are for me only.......not a couple.
My average monthly spend for my half on utilities is £65 gas/elec, £35 cable, £86 Council Tax, £300 mortgage. Everything else food, clothes, insurances, car etc added to the above has averaged out at about £1115 a month over the years. £1115 x 12 = 13 376 estimated living expenses for a year. As I said this is my half....so as a couple we would double this to about 26k a year. This is in London suburbs.

Surely you wouldn't be paying much for a mortgage after retirement. I have a small mortgage costing 40 quid a month having cleared most of the remainder via my lump sum.

Cyberman60

grey_gym_sock wrote: »

yeah, but can you guarantee the crew of your yacht will treat you with dignity and respect when your powers are failing?

do you have even have enough money to buy a big enough yacht to accommodate full-time carers for you, as well as a crew? and to pay them all?

("yacht" covers quite a range of boats.)

Indeed, but I was looking at a beautiful Bavaria 50 with four cabins at the weekend for around 200K which is well within my reach after downsizing. If my quality of life was so bad I'd probably end it anyway.

PasturesNew

atush wrote: »

I dont know about you, but I WANT to pay some of my care home fees.

Because I don't want the cheapest home the council can find, but a decent one.

What if you then found that half the people in there weren't paying at all? That's how it works..... the council book a set number of rooms at homes and fill them as they need rooms.... and their price is cheaper than the private payers are paying... AND .... when the private ones have the rent put up the Council's bill doesn't increase as much.

PasturesNew

N1AK wrote: »

... late 40s (I don't know ...

More than that

grey_gym_sock

PasturesNew wrote: »

What if you then found that half the people in there weren't paying at all? That's how it works..... the council book a set number of rooms at homes and fill them as they need rooms.... and their price is cheaper than the private payers are paying... AND .... when the private ones have the rent put up the Council's bill doesn't increase as much.

personally, i don't intend to be bitter and resentful in my old age. that is a great way to make yourself miserable.

if i need to go into a care home, that's bad. if i have enough money to be able to choose a good 1, that's good. if other ppl, who didn't have enough money to choose, are lucky enough to end up in the same pleasant care home, instead of somewhere worse, then i'd be pleased for them.