Meet Jennifer, an 83-year-old widow and garden enthusiast who is planning a positive lifestyle change after 37 years in her family home. With two daughters - one nearby and one in Canada - Jennifer has decided to move to a one-bedroom apartment to enhance her social connections and provide her family with peace of mind regarding her safety.
Jennifer's current annual income of £32,512 is derived from multiple sources: an occupational pension (£19,010), a state pension (£11,502), and investment returns (£2,000). Although this alone wouldn't cover her Birchgrove costs, Jennifer has worked with an Independent Financial Adviser to devise a smart financial strategy.
By selling her home, valued at £550,000 and investing the proceeds in a fund that yields 5% annually, Jennifer can cover her living expenses at Birchgrove. This strategy enables her to maintain her lifestyle while safeguarding the majority of her investment portfolio as a future inheritance for her daughters.
We hope you have found this example useful in helping you to consider the various funding options available. We recommend that you meet with an independent financial advisor to discuss your specific circumstances.
You will have access to the Birchgrove Moveasy service on payment of the one-off joining fee. The Moveasy service is administered by hand-picked partners on behalf of Birchgrove and provides a tailored service to your individual needs, including access to a financial planner.
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