Not everyone can afford to save as much as they’d like (or need) each year, but putting a little something away every month is better than doing nothing.


The earlier you save, the more time your money will have to grow. Saving just £100 a month from the age of 25 would result in a pension pot of £152,602 at the age of 65,

Delaying retirement saving until age 30 would see the fund value at 65 drop to £113,609 — and leaving it until age 40 would mean a further reduced fund value of £59,551. These figures are based on growth of 5%.

I said about it before but I watched the Series Finale last night.

Well worth a watch one of the best shot TV series I've seen, the costume and set design is amazing and Jude Law abs makes it his own.

Amazing series

http://www.imdb.com/title/tt3655448/

we should stop trying to cure life ending illnesses like cancer / aids and spend the money on other stuff.

Hmm. Wait until it's your child and see how you feel.

its a hard one I know and have had people close to me pass away and expecting another one in net few days, but as a whole we are living longer already and its a massive drain on all resources, what happens when we cure cancer / aids and all the other nasty things? people live longer and longer being more of a drain to the worlds resources until we reach the point we cant sustain it. Sounds a bit like the Dan Brown book but it does have a sense of truth about it.

we should stop trying to cure life ending illnesses like cancer / aids and spend the money on other stuff.

uk prisons should not be segregated except by sex

Dakky,

Your parents will have 3x options basically.

1 - Roll up interest for a lifetime mortgage, can lend parents around a maximum of £345k they are free to do as they wish with the money, for this you are looking at a rate around 6.24% and it will take around 10 yrs as an average to double and then another 10 to double yet again. This product comes with a free valuation and product fee of £599. Although this is a high rate you have to take into account that your parents property will go up in value which helps to reduce it.

2 - Regular monthly Interest Payment, they can pay the interest on the loan until 2nd death at which point you would still owe the initial loan, best available rate is 3.79% but they would have to show a income of around £60k pa - this can be made up of any source (can include pension income).

3- Adhoc Voluntary Interest Payments  - They can take a payment of £300k with the option of paying  adhoc payments for the interest (this could be yearly if you wanted when they recieve a statement of how much interest has been added for the year), best rate at the moment is around 5.74%, this would mean £17k of interest Per year or £1500 per month.

With any Equity release make sure you use a Equity Release Council approved lender / Broker as this means that regardless of how long your parents live they will never owe more than the property is worth . Your parents are both entitled to stay in the property until either 2nd death or 2nd person placed in permanent care, it can reduce inheritance tax liability as the Equity Release Debt will be deducted from the estate before IHT is calculated.

There are two very different schemes available a Life Time Mortgage (Equity Release) or Home reversion plans, with these you effectively sell a fixed % of the property so once its sold the company own that amount.

If you have any questions send me a msg -- yes i do this for a job

They need to be 55+ to be able to do this, you need to able to show a suitable income to do what they are talking about but they can use your income for it, looking at interest rate around 4.7%.

You are correct in that next on kin cant be asked to pay the balance until either 2nd death or after the 2nd person has been moved into long term care.

To be able to raise £300k on a £1m property you would need your parents to both be over 65 as its done on a % of the value of their property.

the best bit about Luton was "La Compagnie" direct to New York, all biz class planes only and own lounge at a reasonable price, that's until Brexit came along and the French threw a huff.

The Young Pope, Jude Law - Only going to be a short series but 1st episode was good

Was such a nice bloke and well respected in the poker community for so long, that in it self shows what a stand up guy he was. RIP Dave the Original Blonde

Such sad news about El Blondie, always was such a gent RIP Dave

if your'e looking for a free day out away from the busy town center can highly recommend the https://en.wikipedia.org/wiki/Villa_Borghese_gardens

sex swing for pigs

The second fella on the bridge hadn't been introduced before I don't think. Could probably have done with at least a scene introducing him.

As good as the kennel scene was it wasn't actually necessary in a sense. As soon as Ramsay says follow me we know how that's going to end.

Glad they didn't drag out bringing Jon back.

New guy on the bridge is a Major character, can turn whole story around !