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

cfw1994

fred246 said:

Yes it's me. I have booked them up.

Troublemaker 
I have but 4 days at work left.....then soon after, off on a LEJOG biking adventure.....rooms mostly booked, couple of nights camping for even more detox from work.

Enjoy your break, seashell - get those local economies back up and running, we investments to keep growing!

Sea_Shell

cfw1994 said:

fred246 said:

Yes it's me. I have booked them up.

Troublemaker 
I have but 4 days at work left.....then soon after, off on a LEJOG biking adventure.....rooms mostly booked, couple of nights camping for even more detox from work.

Enjoy your break, seashell - get those local economies back up and running, we investments to keep growing!

Wow, that's quite an adventure!!

Reminds me of a book I read about 2 guys who set off from LE in nothing but their boxers, and with no money.

They were kindly offered stuff from lost property and off they set.   They managed to scrounge bikes, but they were basic kids types.

They slept in barns and all sorts!!

I hope your trip has more home comforts.


ETA found the book - "Free Country: A Penniless Adventure the Length of Britain"

It's a brilliant read.

SouthCoastBoy

Nebulous2 said:

I stopped work in early March, eventually managed to work through the recruitment process for a part-time job, did 3.5 days work in April, and now the campsites have opened I'm on holiday for 9 days. 

I might grow to like this retirement malarkey -even though I'm struggling to adjust to the fact I no longer have an income!

The only reason I'm working is the insecurity of "I may not have enough...", what happens if equities decrease 50%, inflation runs at 10% for 5 or 6 years? These questions nobody can answer and are always at the back of my mind. I have a contingency, modelled such scenarios etc. and should be covered but it is not 100% certain so I carry on working...not sure I will ever be brave enough to stop.

cfw1994

Sea_Shell said:

cfw1994 said:

fred246 said:

Yes it's me. I have booked them up.

Troublemaker 
I have but 4 days at work left.....then soon after, off on a LEJOG biking adventure.....rooms mostly booked, couple of nights camping for even more detox from work.

Enjoy your break, seashell - get those local economies back up and running, we investments to keep growing!

Wow, that's quite an adventure!!

Reminds me of a book I read about 2 guys who set off from LE in nothing but their boxers, and with no money.

They were kindly offered stuff from lost property and off they set.   They managed to scrounge bikes, but they were basic kids types.

They slept in barns and all sorts!!

I hope your trip has more home comforts.


ETA found the book - "Free Country: A Penniless Adventure the Length of Britain"

It's a brilliant read.

Just perusing the book on the smiling jungle store: darn you & your suggestions: I sense an unwanted purchase in my near future, it looks very well written!!

I expect my journey to have a less eventful start, & I have way more belongings than they do!

bluenose1

SouthCoastBoy said:

The only reason I'm working is the insecurity of "I may not have enough...", what happens if equities decrease 50%, inflation runs at 10% for 5 or 6 years? These questions nobody can answer and are always at the back of my mind. I have a contingency, modelled such scenarios etc. and should be covered but it is not 100% certain so I carry on working...not sure I will ever be brave enough to stop.

As they say the only thing that is guaranteed in life is death and taxes. 

I have kept 5 years in cash, which I suppose is ultra cautious but in one sense think we have to eventually take a leap of fate, or we could end up working until we practically drop dead. 

For all we know DB pension schemes may collapse, banks may fail etc etc.  I just know that I am fed up of work and all the corporate nonsense that goes with it. Think there comes a point when you have to just do it....scary as it may seem.
Says me who has decided one more year, though financially it is the right thing for me to do.

Sea_Shell

Sea_Shell said:

Bravepants said:

Sea_Shell said:

Well, we've spent the grand sum of £345 (of which £60 was Tesco vouchers!) on a 4 night self-catering break down in the West Country.

Hope to get over to the seaside too, for Fish & Chips and an Ice Cream.   Although on checking the tide times, we'll be lucky to actually see the sea at Weston-Super-Mare, as it's at its lowest over lunchtime!

Better get packing, we leave after lunch!   Road Trip!!

If prices are comparable to the East Coast then those fish and chips and ice cream will cost you £30 between you!

And.....

I'm supposed to be transforming myself into a Money Spending Expert.    We might even, shock horror, buy a takeaway coffee too!!!!

(and possibly a fridge magnet!)

Well we really broke the bank on holiday, with a total spend of £55.   

Fish & Chips - £15
Coffee and cake - £9.80
Parking - £7.50
Fridge Magnet - £2
Sandwiches and other ready meals - £21

The weather wasn't quite warm enough for us to sit and eat out (other than our F&C out the wrapper on the sea front), so we'd taken a couple of meals worth of "eat in" with us.   Didn't use the emergency Pasta and Sauce though...we went to a Waitrose and raided the yummy isle instead!!    We did take some other snacks with us from home.

To be fair, it wasn't really going to be a "doing" holiday this time, more of a chill out, change of scenery, fresh air and walking trip.    I'd rather wait until masks are no longer a thing, before going "in" places.


In other news, the month end figures continue at a pace...

DC Pensions - £359,330
S&S ISAs - £189,483
Locked Cash - £59,668
Ready Cash - £7,475


12 month to date spends - £12,424

Sea_Shell

I have just had a bit of an "eek" moment!!!    As it stands our estate (on second death) would be due an IHT bill of £140,000.   

Including the house, we have a smidgen under £1m, in assets and no direct descendants, so we'd only have nil rates bands of £325,000 each, £650,000, leaving £350,000 taxable at 40%.

So our beneficiaries will be stung with quite a bill (well it won't be us personally, as we won't be here!!).   I don't feel too bad though, as they would still get the thick end of £200,000 (after costs) to divvy up.   Hardly small change.

Reminds me of that old saying "Travel First class, because if you don't, your heirs will"

Right, next holiday, maybe we'll charter a private helicopter to take us there and around!!!!

mggftz30

Sea_Shell said:

I have just had a bit of an "eek" moment!!!    As it stands our estate (on second death) would be due an IHT bill of £140,000.   

Including the house, we have a smidgen under £1m, in assets and no direct descendants, so we'd only have nil rates bands of £325,000 each, £650,000, leaving £350,000 taxable at 40%.

So our beneficiaries will be stung with quite a bill (well it won't be us personally, as we won't be here!!).   I don't feel too bad though, as they would still get the thick end of £200,000 (after costs) to divvy up.   Hardly small change.

Reminds me of that old saying "Travel First class, because if you don't, your heirs will"

Right, next holiday, maybe we'll charter a private helicopter to take us there and around!!!!

Leaving a gift to charity in your will could reduce or even remove IHT. 

Sea_Shell

mggftz30 said:

Sea_Shell said:

I have just had a bit of an "eek" moment!!!    As it stands our estate (on second death) would be due an IHT bill of £140,000.   

Including the house, we have a smidgen under £1m, in assets and no direct descendants, so we'd only have nil rates bands of £325,000 each, £650,000, leaving £350,000 taxable at 40%.

So our beneficiaries will be stung with quite a bill (well it won't be us personally, as we won't be here!!).   I don't feel too bad though, as they would still get the thick end of £200,000 (after costs) to divvy up.   Hardly small change.

Reminds me of that old saying "Travel First class, because if you don't, your heirs will"

Right, next holiday, maybe we'll charter a private helicopter to take us there and around!!!!

Leaving a gift to charity in your will could reduce or even remove IHT. 

I was just thinking out loud about an immediate short term catastrophe!!

We hope to have a chance to spend a good chunk before we shuffle off.  

We'll probably start gifting once we have DC/SPs in payment.

So no, we won't be rewriting wills to include charity at this time.

Sea_Shell

Oh and I got my maths a bit wrong there...they'd be divvying up the thick end of £850,000, not £200,000.

They'd still obviously inherit everything less IHT, not just the bit over the NRB.

So for them, surely 60% of something is better than 100% of nothing, even if the taxman does get his pound of flesh!