Hope it's the latter for you T.Me neither. But I might need care. I might not have much choice.
Or I could live for 25 years in good health in retirement. If I could choose, I would prefer that.
In retirement I could be skint. Or I could be well off with the free money offered. That is certainly my choice.
And the day after you retire you die and all you have done is squirrel away money and lived on beans and toast. (Hopefully you won't)
If the last 15 months or more have shown is live for now.
The rest will take care of itself. I have 2 kids, they know if I need help they will be asked.
My father in law being loaded probably helps my thinking as there only my wife left in his family ;)
Oh dear
How foolish
How naive
your wife might die before you and her father leaving you out of father in laws thinking.
Your kids idea of your help needs might differ greatly from yours
what sort of care do you think you’ll get on only a state pension when you lose independence, as you most certainly will?
Too many serious people on here obviouslyI suppose is does come down to each persons individual circumstances and view on life, I have always been the cautious type and this reflects in my thinking. I don't squirrel away everything or live on beans on toast but I am aware that the future is not guaranteed and want as much security as I can. I read somewhere that the vast majority of people aged 50 have little to no idea what they are going to need when they retire and most have little by way of a plan.
Its quite concerning that many people are going to have a shock the longer they leave things.
Hopefully your situation is one one you are comfortable with and you seem to have a plan.
As I say each to their own, but what would happen if god forbid your wife passed before your father in law. Would he still leave you the money?
I have feathered my own nest and expect to inherit nowt when my Ma goes (slightly more than the debt inherited from my Dad).There are far too many idiots expecting inheritance to feather their nests.
It’s why they expect the tax payer to pick up mum’s care home fees whilst they inherit the house.
You inherited debt? Because that’s not legal.I have feathered my own nest and expect to inherit nowt when my Ma goes (slightly more than the debt inherited from my Dad).
I expect the 60 years my Mother has been paying tax to cover her care.
funeral costs and billsYou inherited debt? Because that’s not legal.
Most of my clients couldn't write.Good. I read your reviews on Trip Adviser and you were shit.
There is no social care funding paid through tax.I have feathered my own nest and expect to inherit nowt when my Ma goes (slightly more than the debt inherited from my Dad).
I expect the 60 years my Mother has been paying tax to cover her care.
Nearly all of my Auntie's £100k estate evaporated over the course of two years with care costsI have feathered my own nest and expect to inherit nowt when my Ma goes (slightly more than the debt inherited from my Dad).
I expect the 60 years my Mother has been paying tax to cover her care.
That’s where the system needs to change. There really needs to be a care tax similar to Japan and Germany that fund the care provision when you get old which is fully ring fenced. In Germany you pay 1.5% of salary and the company you work for pays 1.5%. To make it fair for younger people they should follow the Japan model where it’s only 40s and over who pay in.There is no social care funding paid through tax.
Your mother’s medical costs will be paid for through her contributions.
you know what i meant.There is no social care funding paid through tax.
Your mother’s medical costs will be paid for through her contributions.
That’s where the system needs to change. There really needs to be a care tax similar to Japan and Germany that fund the care provision when you get old which is fully ring fenced. In Germany you pay 1.5% of salary and the company you work for pays 1.5%. To make it fair for younger people they should follow the Japan model where it’s only 40s and over who pay in.
Oh I fully agree, my mum lives pretty independently and is in her 90s but she does have a good support network around her with both my brother and myself living relatively close.Maybe we should be a little less ready to chuck our relatives in the nearest care homes and perhaps look after them at our homes ourselves. It made by blood boil seeing all this moaning twats on the news complaining about not being able to see their mum except through glass or whatever where their mum quite frankly looked fully intact of all faculties. I found myself thinking if you gave that much of a shit she’d be at home with you. But no it’s always the states problem to look after them, fuck the fact they wiped your arse as a kid eh? Other countries and cultures seem to manage this better without anything like the social care cost this country has. What the fuck is wrong with us?
I appreciate that some of our parents do need proper care and that necessitates them being cared for in homes. And I appreciate not everyone has the space. But plenty do, and the state can incentives it by paying £100 a week or whatever, it’s still a fraction of what it costs from these care homes. Our system thrives on a notion that those that can do and those that can’t are supported, well if you can take your mum or dad in then bloody well do so.
I don't think this works in reality though. At the moment prices are sky high because demand far outstrips supply. If you make it harder to build a profitable venture, there's less cause for the private sector to build more facilities and the burden again falls to the taxpayer.That all said, a ring fenced progressive tax that ensures the best quality care for everyone irrespective of how it’s provided (either in a care setting or at home) would be a step in the right direction. Better regulation of the allowable profits made by the owner of the care homes would also help.
I finish on 30th f this month can't wait tbfTook early retirement 3 months ago , fookin love it
I finish on 30th f this month can't wait tbf
My date was Sept next year but a VR package has appeared allowing me to slip off earlyI set a date in my head this week of my birthday next year, my head seems to have misunderstood and has decided I've retired already :/