One way or another

cfw1994

Albermarle said:

Withdraw more from your pension. Go on more and more exotic holidays. Get a nicer car. Get that new kitchen installed. Give bigger birthday presents to your children.

Good advice, but not very environmentally friendly, if you are the sort who thinks about these things.

A nicer car might be.  

Select an EV, keep it for many years: low cost eco motoring, consigning the gas/oil burner to end of life care 
Thoughtful presents could be.
Exotic holidays… well, go sailing round the world, on a small craft….

We only pass through once, & there has to be a balance between Eco-bad stuff and becoming a monk 🤣 

Nebulous2

cfw1994 said:

If there is good health and a reasonable expectation of living 7+ years, pass down as much as you can 👀
Treat them to things.  Take them for a fancy meal or fancy holiday so the can share in your good fortune 😎

If your offspring are decent humans, you might hope they will help with any care requirements later in your lives if you have managed to reduce your wealth, although it sounds like the house could perhaps pay for most of that (google suggests the average time in care homes is <2 years, & only around 2.5% of people need one)

Maybe spend big on future proofing your home 🤷‍♂️

🎼Hey Big Spender!🎼

Average time in care homes is indeed short, but much more than 2.5% of people need one. From memory it is around 30%.


 2.5% may be the percentage of older people in care homes at any one time. 

Sarahspangles

Nebulous2 said:

cfw1994 said:

If there is good health and a reasonable expectation of living 7+ years, pass down as much as you can 👀
Treat them to things.  Take them for a fancy meal or fancy holiday so the can share in your good fortune 😎

If your offspring are decent humans, you might hope they will help with any care requirements later in your lives if you have managed to reduce your wealth, although it sounds like the house could perhaps pay for most of that (google suggests the average time in care homes is <2 years, & only around 2.5% of people need one)

Maybe spend big on future proofing your home 🤷‍♂️

🎼Hey Big Spender!🎼

Average time in care homes is indeed short, but much more than 2.5% of people need one. From memory it is around 30%.

2.5% may be the percentage of older people in care homes at any one time. 

It’s really hard to get a figure for how many people will live in a care home at some point in their lives. I know because I needed one for work.

2.5% is the average percentage of older people living in a care home at a point in time. The percentage who die with a care home listed as their main place of residence (even if they actually die in hospital) is much higher but isn’t very reliable as temporary care home residents may or may not be counted and they’re a significant proportion at any time.

If you’re using the cost for planning purposes, domiciliary (home) care at the highest level can be a similar cost to residential care. And on average, adults in the UK act as unpaid carers, mostly for parents, for about four years. Mostly while they are still working age, so there is potentially a long term cost for that individual.

GunJack

Another thread about avoiding tax on pensions and savings built up using, in part at least, a lot of tax relief in the way in. If people don't pay tax, then there's no state to do all the stuff which makes this one of the better countries to live in.

With the amounts mentioned earlier in  the thread, ask yourself how much would it have been without the tax relief received??

Surely you can't begrudge paying tax back into the collective pot which has funded infrastructure, health, education, etc. that you and yours have benefitted from during your lives?

Pensions especially are there primarily to fund your retirement, not to pass on vast sums of money to your kids whilst avoiding tax.....maybe a knock-on effect of the pensions freedoms has been a rise in this selfish attitude in better-off people...

BlackKnightMonty

GunJack said:

Another thread about avoiding tax on pensions and savings built up using, in part at least, a lot of tax relief in the way in. If people don't pay tax, then there's no state to do all the stuff which makes this one of the better countries to live in.

With the amounts mentioned earlier in  the thread, ask yourself how much would it have been without the tax relief received??

Surely you can't begrudge paying tax back into the collective pot which has funded infrastructure, health, education, etc. that you and yours have benefitted from during your lives?

Pensions especially are there primarily to fund your retirement, not to pass on vast sums of money to your kids whilst avoiding tax.....maybe a knock-on effect of the pensions freedoms has been a rise in this selfish attitude in better-off people...

The OP is trolling.

Do a dilly dumb dilly do.

Don’t waste your time.

Argonauts

Cheers for that 
I was asking questions and hopefully get some answers and thoughts 


putting a song in it was a bad idea
sorry 

trolling 😳😳