It's time to start digging up those Squirrelled Nuts!!!!

Tassie_Devil

Costabit said:

cfw1994 said:

C’mon Sea_shell: make like Viv Nicholson, & spend, spend, spend 

The legend that was Viv Nicholson eh !
Bet there is a few youngsters on the forum who had to google her.
If I remember it was £150K she won and spent, doesn’t seem much nowdays

Adjust it for inflation and it is!
From Wikipedia: "Vivian Nicholson (born Vivian Asprey; 3 April 1936 – 11 April 2015) was a British woman who became famous when she told the media she would "spend, spend, spend" after her husband Keith won £152,319 (equivalent to £3,362,478.00 adjusted for inflation to 2019)..."

Costabit

Tassie_Devil said:

Costabit said:

cfw1994 said:

C’mon Sea_shell: make like Viv Nicholson, & spend, spend, spend 

The legend that was Viv Nicholson eh !
Bet there is a few youngsters on the forum who had to google her.
If I remember it was £150K she won and spent, doesn’t seem much nowdays

Adjust it for inflation and it is!
From Wikipedia: "Vivian Nicholson (born Vivian Asprey; 3 April 1936 – 11 April 2015) was a British woman who became famous when she told the media she would "spend, spend, spend" after her husband Keith won £152,319 (equivalent to £3,362,478.00 adjusted for inflation to 2019)..."

Wow
That's a lot , when you put it like that
She went through it in less than 10 years and a host of troublesome issues. 

LeatherOsprey

Just came across this thread.
Seashell - it is superb. And  the many contributions from everyone are priceless. I have found it very informative, and has reassured me that what I am about to embark on is the right thing. I have book marked, will join the party to contribute where I can and learn from others! 
I am about to start digging up the squirrelled nuts!!!
About me - took redundancy in July '19 after 25 years with a major bank, set up a small business for a new product I have patented (on the cusp of starting to make a  profit - need a few more sales! - but loving it and hope one day to take a small - £10k-20k nett each year- income from it, tax efficiently via dividends mainly!), been living off the redundancy money to date while setting it up, about to start drawdown on SIPP (am 51, have protected rights to drawdown from 50) as I have unused Personal Tax Allowance to use this (and, Business dependent, possibly for many a) year.
OH is still working, building up a decent DB Pension with as much as we can afford going into her SIPP also. She will probably retire in 4-5 years.
Here's to a new virtual friendship with you all!

LeatherOsprey

pensionpawn said:

Indeed, max your personal allowance (x 2 for a couple) every year. If you don't need (spend) the full £12k5 drop £3k6 back in yours or your other half's pension, or top up a SAS ISA in the same funds that were performing well for your pension (although diversification of risk should also be considered...). Lastly, into cash for poor performance periods. However always max your personal allowance if your pot can take it.
Personally everything we have is going into my wife's SIPP to make her last three years contributions 100% of salary. Why, so that we can max her personal allowance and take a min pension of £25k tax free each year. 

This is exactly what we are going to do. I have spent quite a bit of time this last month researching whether this is the sensible thing to do, talking to many people, looking at 10s of web sites, chat forums etc etc. I am left with no doubt this is the right thing to do - got to max your use of the Personal Allowance if you pension fund can take the withdrawal - keeping the savings outside of the Pension to provide cover in years you have used up the Personal Allowance.

Sea_Shell

Hi LeatherOspray, glad you've enjoyed the thread so far.

It's not been the retirement we'd envisaged, so far, and we are, like many people, treading water for now.

Sea_Shell

cfw1994 said:

Sea_Shell said:

What percentage of equities would you all have in our position.   
Our pot is now pushing £600k and we're currently sitting at about 60% equities across the whole portfolio (including cash).
As we move into the initial drawdown stage, for the next 10 years, would you reduce this %, keep it pretty much the same, or  maybe even increase it?
Hubby is erring towards reducing it to nearer 50%.
Thoughts?

 
My head tells me markets remain "frothy"

It appears that some of the "froth" has dissolved this week.     

Less Cappuccino, more like a flat white.     But still coffee!!!

cfw1994

Sea_Shell said:

cfw1994 said:

Sea_Shell said:

What percentage of equities would you all have in our position.   
Our pot is now pushing £600k and we're currently sitting at about 60% equities across the whole portfolio (including cash).
As we move into the initial drawdown stage, for the next 10 years, would you reduce this %, keep it pretty much the same, or  maybe even increase it?
Hubby is erring towards reducing it to nearer 50%.
Thoughts?

 
My head tells me markets remain "frothy"

It appears that some of the "froth" has dissolved this week.     
Less Cappuccino, more like a flat white.     But still coffee!!!

Flat white is fine....but will it turn to value brand instant, or will the mocha-goats-soy-latte option return....& when?
Who knows

Sea_Shell

Well another month passes us by...

Our figures show month on month to be flat as a pancake.   Overall we're down £466 of which £414 was this months spends!!

£138 Bills (no CT this month - awaits new bill, which will no doubt be up at least 5%)
£150 Groceries
£126 Other 

However, compared to this time last year, we are up £61,880, with 12 months spends to date of £10,920, so a net gain of £50,960 or 9.4%

The figures get completely skewed next month, as obviously we'll comparing to end March 2020, which was amidst the Covid drop.

fred246

We might have another covid drop.

Sea_Shell

fred246 said:

We might have another covid drop.

Or a vaccination boom.....watch this space!!!