Moving forward and upwards

MovingForwards

Thank you Ren, I am working towards the good life, that's all I've wanted for years and thankfully TomBo does too.

The CC took the DD today, which it shouldn't have as I'd paid loads off. £185 now outstanding.

I've started another pension transfer into my SIPP and also made a purchase with the £10 I paid in the other day. Between the pensions, SIPP, DB and savings, proper early retirement is a serious possibility just by taking the 25% pot from the pensions.
I'm aiming to keep my retirement income under the tax allowance, which should be possible based on my current lifestyle.
Been spending a lot of time reading posts on the pensions board, still got over 1700 to read!

Apparently there's a L1D1 opening up at some point, it's a couple of miles away but walking distance for TomBo.

I need to start doing my surveys again, that would pay for veg seeds etc and other things. Will do them evenings and weekends.

Over the next 7 weeks I've got car things to pay for; tax, MOT and breakdown cover. My car fund will take a bit of a bashing.
-- I've decided to separate that from my overall savings calculations on my spreadsheet next year as it's potentially up / down throughout the year, whereas the actual savings only go up.

My phone contract ends soon, I'm going SIM only, that will save over £20pm.

Having leftover spicy lentil soup in a bit and bagels for tea

Irenadler

Hey Babs

Well impressed with your pension/retirement planning, and all the other stuff you are juggling there. I want to say 'well done that woman'! Makes me want to do something about my own.... Well, when I've got my head properly round saving...

Ah, the land of L*dlly; I can recommend it as helping me save money too....

MovingForwards

Thanks Ren, I still need to look at my state pension forecast and would recommend you do too. The good thing is if you have a full state pension it's double the normal rate of UC.

I can do a weeks shopping on £25, that's for the 2 of us, 1 cat and toiletries in my normal supermarket. Sadly, TomBo isn't so restrained when it comes to money and will spend everything he has 🙈

Not heard anything about the gas / electric and must check when I last spoke with them.

Skint_yet_Again

Good idea to check state pension. I checked mine back in feb 

MovingForwards

Thanks for the reminder Skinty, I meant to check before I logged off today!
Anyhow, I only need another 9 years NI payments and then I've got the full SP, based on current rules. 
Been playing with the calculator today, 14.75% of my wages are now going into pensions (DB and SIPP), my employer pays just under 20% into the DB, quite a nice little total.
It honestly feels like early retirement is a good possibility, especially if I carry on making O/Ps, saving and paying into the SIPP. 

I've done the washing up and watered the greenhouse. I need a shower, but can't face standing or sitting for it at the moment, everything hurts a lot more lately than normal. 

Going to rest this evening and read my garden magazines 🤗 TomBo is working, so I've a few hours to myself.

riotlady

Sounds like you're in a really good position re: retirement! Nice work 

MovingForwards

Thank you RiotLady. Only time will tell, but on paper it does seem promising! 

savingholmes

Glad your pensions are coming together. DB makes such a difference. A friend of mine is getting more for her last 4 years in employment due to DB than all her other pensions combined.

MovingForwards

Thank you SH, I've just compared my DB to my old pensions, so far they are ahead, but another DB year will make them equal, according to a pension calculator. 

I want to transfer a 3rd pension in to the SIPP, will do that tomorrow.
-- leaving N pension as I know that will get topped up again with future jobs.
-- leaving A pension, that one has done well over the years and could get taken as a small pension pot, or if it doubles a nice little bonus each month at SPA.

I've started the transfer process for my S&S ISA. Now I'm getting more financial awareness, I've checked the fees as I've not looked at these since I opened it years ago. Don't ask how much I've been paying over all this time 🙈
Anyway, that's going into a S&S ISA with my SIPP company. Their fees are a lot lower and it's one fee over all the accounts with them.
-- will spend a few days deciding what pots to create, being mindful of the individual % they charge.

It will be nice having simplified some of my finances.

Feet up and TV tonight as I'm so tired.

savingholmes

Glad you are taking some time to chill. Well done for checking the fees - at least you are saving from this point on.