Malvern Living Jul - Aug 2023

RETIRE in style
Don’t panic if your pension savings aren’t where you thought
they’d be. There’s still plenty of steps you can take to help you
retire on your own terms. The key is having a decent plan in place.
CONSOLIDATE YOUR PENSION POTS
It’s likely you’ll have more than one employer in your lifetime,
which means you’ll probably have more than one pension pot
too. This can make it hard to know how much you’ve got saved
so far, and whether you’re on track to meet your future goals.
You could consider transferring your old pensions, and
combining them under one roof. You’ll have more control of
your money and where you’re invested in the run up to and in
retirement. If you’ve lost track of your old pensions over the
years don’t worry. The government’s pension tracing service can
help you track them down.
If you’re thinking about transferring, check you won’t lose
valuable guarantees or benefits or have to pay high exit fees.
CONSIDER WHEN TO FINISH WORK
There isn’t a standard retirement age anymore, so the line
between retirement and working life isn’t clear cut. Your financial
situation and health are likely to influence when you finish
working. You might decide to retire earlier or carry on working
well into later life. In fact, many people choose the best of both
worlds and semi-retire first.
All employees have the right to request flexible working from
their employer, which includes cutting down your hours. Your
employer has the right to refuse but they must give you a valid
reason for doing so.
The Citizens Advice Bureau provides guidance on how to
request flexible working.
WORK OUT HOW MUCH YOU NEED TO
RETIRE
To help simplify saving for retirement, the Pensions and Lifetime
Savings Association (PLSA) has updated national income and
living standards to help people work out how much income they
might need.
They have set out three living standards:
• Minimum: £12,800 a year will cover all your needs with a
bit of money left over for fun
• Moderate: £23,300 a year would leave you more financially
secure
• Comfortable: £37,300 a year would mean you have more
financial freedom and can afford some luxuries
These figures are based on a single person living outside of
London.
Find out more at www.hl.co.uk
Expert Dementia
Care You Can Trust
ADVERTISING FEATURE
At Perry Manor, Care UK’s care home in
Worcester, we’re committed to providing
expert dementia care, whilst supporting
your loved one to continue to enjoy a
fulfilling lifestyle...
The Care UK Approach
At Care UK, we work with some of the UK’s most respected
dementia experts to champion innovation and stay up-to-date
with the latest approaches to dementia care. We see the person
behind the dementia and support them to enjoy each day to the
full in a calm and supportive atmosphere.
Meaningful lifestyles in comfortable surroundings
Our care homes are designed with residents’ wellbeing and
comfort in mind Perry Manor is divided into suites to provide
a homely environment, whilst allowing access to shared,
comfortable spaces for socialising and activities.
Our lifestyle team organise a range of activities that provide
reminiscence and stimulation for residents living with dementia.
Outings and live entertainment mean your loved one feels part
of the community, whilst activities like singing reduce stress and
promote social interaction.
Hear what relatives have to say
At Perry Manor we are proud of the positive feedback we
received in our latest Relative Satisfaction Survey. The team were
delighted to hear that 94% of families feel our staff treat their
relatives with kindness, dignity and respect and that you’re made
to feel involved and valued by the home^.
Trust us to care
At Care UK, we’ve been delivering high-quality, person-centred
care for over 40 years. We pride ourselves on the transparency of
our care quality and fee information – ensuring you can trust us to
care from that very first step of your journey into care.
To find out more about dementia care at Perry Manor
please call 01905 971 017
Charles Hastings Way, Worcester WR5 1ET
Careuk.com/perry-manor
^Care UK relative survey April 2023. Study operated by QRS Market
Research, an independent survey agency.
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