Net for me.
Music to my ears
My lad is in Australia and shows no sign of coming home. So we have set some aside for visiting. But it’s great to know the 45k cover everything and leave some to towards visits. So we would need a big trip every other year.
Always had you down as being around 60. Good luck though
I think of lot of these posts are foward planning so you have income sources that won't incur tax . Particularly the early leavers . Before state pension kicks in ,keeping taxable income beneath the threshold and topping it up from isas or whatever. Im not taking an annuity it's just in drawdown . Ive had my tax free lump but I'll still take as much as i can this tax year keeping below my allowance ,not necessarily to spend but to use somewhere eg Isa because it's tax free . If I wait until state pension ive already burnt up my allowance earning that so your drawdown costs you to spend it and use it .
I'm 63, been retired 2 years now. I have a spreadsheet and know where every penny goes. (Sad I know but helps me feel relaxed about my finances)
Similar age and situation to me but I only finished in April so can't do a years sums yet
Hopefully you have stuff to do mate . If you were ready to work on ,maybe not.
That's young id say but no reason it can't work . You got plans as I think just knocking around might lose its appeal. My mate went a similar age and did big box ticking
Will you be able to take your pension at 55? It's going up to 57 in April 28. Might be even higher by the time you get there
I was thinking that, sometimes what we would like isn't possible, unless you get 6 numbers on the lottery
Nothing sad about a spreadsheet. I've said before I've got them going back 12 years or so, it's how I knew I had enough to retire based on what I need.
God knows but I'm jacking in at 55, not a day longer. I've saved up for a rainy day and put money aside incase I can't so I'm not relying on pension so early. I do need to look at advanced contributions though as I believe that's changing soon.
I’ve got a few things to do around the house over the summer, sort the garden, put some new fencing up and decorate a couple of rooms. I’ll see how I feel when the nights start drawing in again.
Aye I saw that and thought well there's another reason for me not to do any painting and decorating type of stuffCovid not sorting his ceiling
Do your indoor stuff in winter
Travel basically when I can do and hopefully plenty walking adventures. Lots of things I want to do which I'm starting to give myself a kick up the @rse with and getting them ticked off. Health of my wife will continue to be rubbish so looking after her will get more demanding in the future. Mortgage free, by the time 55 hits we would just be working for the sake of it and being hit with tax far too much... No thanks
At 43 I never even thought about retirement.
I assume that his work ambition is not to be controlled by work!
