Marlborough Living Sep - Oct 2021

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COME AND TAKE A LOOK Sign up and we will tell you when one of our many talks, charity activities or events are taking place. If you would just like an informal visit, then you are very welcome to join us at one of our weekly ‘Open Thursdays’ which will run throughout the summer into early autumn. Join us for Coffee or Afternoon Tea and a tour of the beautiful Pearl House show apartments and complex. These run from 11am – 12.30pm and 2pm – 3.30pm from August to October Make your appointment by calling us on 01635 551 229 or contact us at sales@edenrl.com Opening Hours: the Marketing Suite is open from Monday – Saturday from 10am – 4.00pm When making an appointment at Pearl House we are still maintaining our Covid policy and would like to assure you that we will maintain a level of respect in terms of social distancing, be it a personal appointment or as part of a small group. Our marketing suite is spacious, but we will limit numbers so people are not uncomfortable in company. Apartment prices start at £275,000 PLEASE NOTE other charges apply. This property is serviced and managed by Eden (Pearl House) Limited, part of Eden Retirement Living Limited, a monthly management charge is payable (annually indexed), and a deferred management fee (an event fee) is applied to all properties. No ground rent is payable. For further information please visit our website www.pearlhousenewbury.co.uk Pearl House Newbury Marketing Suite 11-15 Bartholomew St, Newbury Berkshire, RG14 5LL Marlborough living - 4pp - 171x246mm-v1.2.indd 4 10/08/2021 14:09
RETIREMENT PLANNING: A GUIDE Katie Thomson shares tips for getting your financial ducks in a row for a happy retirement... Retirement planning is a multi-faceted process which evolves over time - to have a comfortable and secure future, you have to have the means to fund it. Fewer people have access to the guaranteed income that comes with a final salary pension, and with longer to wait until eligibility for the state pension, it’s pertinent to start planning as early as possible for the retirement you want. The better prepared you are now, the better your retirement will be. There are many strands to retirement planning, and much of it depends on your stage of life. It’s important to seek advice from a registered financial planner who can help you make the most of your unique circumstances. There are some handy way points to help you get a grasp on where you are and what you will need - here’s a checklist of things to consider: Understand what your retirement income is likely to be: You will be adding to your pension fund during your working life, but it’s important you get a handle on your various pension pots to forecast the actual figure you will have access to. Check your state pension: The rising state pension age can have a real knock-on effect to your retirement planning - a state pension forecast will help you to gauge how much you’re on course to get from the government. Get an understanding of your expenditure: Having an idea of your expenditure will help you plan longer-term. Your living costs are likely to be a lot lower than in other phases of life - you might be mortgage-free and you don’t have the same costs for commuting, recreation or childcare for example. You may wish to improve your home or go on some amazing trips, so it’s important you know you have the financial reserves to do this. When should you start drawing a pension? You don’t have to stop working to draw down your pension - as long as you are over the age of 55 - but be aware, the sooner you start dipping into it, the sooner the pot will deplete. How much will retirement cost? This is the golden question, and really depends on the level of comfort or luxury you are looking for in your autumn years. A recent Which? study found that the average retired household (those living alone or as couples) spent an around £2,170 per month - this is covering all the basic areas of expenditure and some luxuries like European holidays. Those looking for a more luxurious lifestyle including longer-haul trips and new cars every five years would need to allow for approximately £3,400 per month, or £41,000 per year. Once you have a framework for the amount you’ll need, and what you are on track for saving, you also need to consider how you will access your pension pots - these might be state pension, a final salary pension and a money purchase/defined contribution pension. With your defined contribution pot, such as the one you might get in the government employee scheme, you can draw the entire pension pot in one go, but this will mean it’s entirely down to you to make the money last and you’ll invariably pay a substantial tax bill. Most people with these pensions will opt for income drawdown or an annuity, or a combination of both when it comes taking money out of their pension. With careful planning and accurate forecasting, your retirement can be something to really look forward to, but it is essential to make an assessment of your position as early as possible and use the advice of experts to make your money work harder for you. www.minervamagazines.co.uk | 63
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Page 12 and 13: HIS SUSTAINABLE BREAD HOUSING DEVEL
Page 14 and 15: On his baking classes for children:
Page 16 and 17: WILTSHIRE BEER & SPIRITS HANDCRAFTE
Page 20 and 21: COMFORT When the darker nights set
Page 22 and 23: COLOURFUL, QUIRKY, ON-TREND and UNU
Page 24 and 25: Images courtesy Rachel Oates No dog
Page 26 and 27: TONIQ On Demand ADVERTISING FEATURE
Page 28 and 29: NEW IN Sale now up to 50% off Ladie
Page 30 and 31: An enriching life like no other Whi
Page 32 and 33: ADVERTISING FEATURE MEET THE HEAD W
Page 34 and 35: ADVERTISING FEATURE Breadth v Depth
Page 36 and 37: THE VIEW FROM THE BOUNDARY We catch
Page 38 and 39: MARK CHICK, MANNINGFORD CROFT It’
Page 40 and 41: WEEDS The beauty and use of 50 vaga
Page 42 and 43: IT’S A SUSTAINABLE HOUSING DEVELO
Page 44 and 45: DeFroscia Close, Calne Beautiful 2,
Page 46 and 47: you talk to in the industry says th
Page 48 and 49: TO WILTSHIRE'S WELCOME FABRIC STOCK
Page 50 and 51: Trends for Autumn... Is it really t
Page 52 and 53: THE HOME hit list JOBS TO TACKLE TH
Page 54 and 55: Get Ready to Burn this autumn When
Page 56 and 57: The future is electric Electric car
Page 59 and 60: The Pearl from Eden Retirement Livi
Page 61: Where to find us Located within the
Page 67: MAKE LIFE EASIER • Large range of
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Marlborough Living Sep - Oct 2021

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