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Tales from The Shire

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Comments

  • savingholmes
    savingholmes Posts: 29,200 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great that you'll be able to repay 10% in one month. Amazing. 

    Glad you are feeling better.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
    3) Mortgage neutral by 06/30 (AVC £41.6K + Lump Sums DB £4.6K + (25% of SIPP 1.4K) = 47.6K of £127.5K target 37.33% 16/5/26 (If took bigger lump sum = 69.5K or 54.5%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.6K updated 16/5/26
  • Cheery_Daff
    Cheery_Daff Posts: 18,422 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done Fortune, and glad you're feeling better! 

    Do you know that when you request a Premium bonds withdrawal there's an option to delay til after the next draw? I'm sure you're organised enough to remember anyway, but just in case it's useful for next time 😊
  • savingholmes
    savingholmes Posts: 29,200 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Still requires a lot of discipline I'm sure.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
    3) Mortgage neutral by 06/30 (AVC £41.6K + Lump Sums DB £4.6K + (25% of SIPP 1.4K) = 47.6K of £127.5K target 37.33% 16/5/26 (If took bigger lump sum = 69.5K or 54.5%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.6K updated 16/5/26
  • badmemory
    badmemory Posts: 10,627 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper
    Well let's hope that we both win enough this month to cover without withdrawing old funds.  Although I believe they cash in the oldest first.  Well that will get rid of my £2 from 1957.  Don't tell anyone but I actually only own £1.50 of that.  My sister owns the other 50p worth.  It was a lot of money back then.  I do know which is which, but as they haven't won yet I doubt very much they will ever.
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