If you sold up and didn't have to work, where would you go?

Out,_Vile_Jelly

Equestrian property in the New Forest.

New Zealand is the only place I'd consider abroad, and I'd have to be rich enough to travel back to London ~4 times a year posh-class to get a culture fix.

Edit to add, obviously Wood Green would be my number one choice.

CLAPTON

family, friends, activities
so I'll stick with the UK with frequent trips abroad.
anyway, having done Wood Green is there anything else worth doing?

westernpromise

I'm surprised nobody has thought about Aberdeen. We have it on very good authority that people will soon pay you to take their houses off them.

wotsthat

I think we should take it as read that Wood Green is everyone's natural first choice but it's probably going to double in price in the next couple of weeks.

Wednesday2000

chucknorris wrote: »

There are a few on here talking reality, I know wotsthat is, as I also am, and I suspect that westernpromise is at least at the early stages of considering it for real too.

Oh I'm sure, but I'm not close to retiring yet. London is still my first choice, but I don't think once we sell up that we will have enough money to buy a seaside home as well!:D That would be lovely though.

caronoel

Am also giving this a bit of thought

42 now, but aim is to retire in mid-50s.

Likely to max out my £1m pension pot very soon, which should give a draw down of £40-50k a year, with a similar amount from BTL income.

Ideal would be six months in the West of Ireland with six months in a nice little place near Cape Town.

SailorSam

Sleazy wrote: »

Somewhere where I can be warm and horizontal ...

Then stay in bed with a hot water bottle.

chucknorris

caronoel wrote: »

Am also giving this a bit of thought

42 now, but aim is to retire in mid-50s.

Likely to max out my £1m pension pot very soon, which should give a draw down of £40-50k a year, with a similar amount from BTL income.

Ideal would be six months in the West of Ireland with six months in a nice little place near Cape Town.

Well done, you managed to get it all in before a potential forthcoming change to the pension tax relief system.

What is the attraction of Ireland? We haven't been there, but if we did move to the IOM that would change, as there is a very convenient car ferry service to Dublin.

caronoel

chucknorris wrote: »

Well done, you managed to get it all in before a potential change to the pension tax relief.

What is the attraction of Ireland? We haven't been there, but if we did move to the IOM that would change, as there is a very convenient car ferry service to Dublin.

Despite the weather, the beauty of the West coast really is spectacular and the people are warm and friendly. As a keen fisherman and sometime surfer, these are also factors for me.

My wife and I also have lots of family in both Dublin and Mayo, so that is a factor too.

chucknorris

caronoel wrote: »

Likely to max out my £1m pension pot very soon, which should give a draw down of £40-50k a year, with a similar amount from BTL income.

Your upper figure of 5% is quite an aggressive drawdown (especially from your mid 50's), I am working on your lower figure of 4%, which is also possibly bordering on the high side, but like you, we also have the property (we will be retaining some to maintain portfolio diversity, rather than totally selling up).