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Plug in hybrids
at 11:36 15 Apr 2024

One thing to mention if charging at home is that you can get (we use Octopus energy) very cheap night time electricity, currently 8p per kw so it costs next to nothing to put in a full charge at night.

Charging away from home is generally a rip off from my experience

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Plug in hybrids
at 17:43 14 Apr 2024

Even having used up all the battery, most hybrids recharge a bit every time you slow down/brake so there is a bit of charge if you were to need it as you only need a few seconds of electric to accelerate/overtake.
Most hybrid drivers don't boot it as it costs a lot more once using petrol than the cost of electric if you charge at home.

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Probate/Estate planning question
at 16:39 27 Jan 2024

I know how you're feeling being in a similar situation so i would like to add some things to think about.
I won't go into the emotional side of this so it is just the hard financial decisions i have made.

My Dad, 80 , single, went in to a home 18 months ago with dementia so i had to sell his house to pay for the care (£82k per year in our case). I'm taking out an annuity to cover his care fees after the bit of income he has. There is no tax to pay on the income from an annuity, there will be on most other investments. Once his future needs are covered by the annuity some will be going into AIM stocks which are riskier than a lot of investments but at the moment they are very cheap having had a terrible run. They are a gamble, but every decision you take here is a gamble on life expectancy & market movements.

For anybody not in this situation but may be in the not too distant future, give your power of attorney to somebody you trust or try to get your parents to give you their POA...dealing with dementia is hard enough without having to deal with the court of protection

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