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Ooh, there was another reason! It will be tax-free at the point of withdrawal. I've obviously paid into it with taxed income, but "taking money out of my savings" as opposed to "drawing income from a pension" will help keep my income down and away from paying taxMortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!4 -
Sorry, one more (been thinking about it in the shower 🤣!) You're capped at a maximum contribution of £4k per tax year, so as I'm fortunate enough to be able to save more than that it's not had to significantly sidetrack my other plans so it felt worth doing.
That's it now, I promise!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!3 -
Right, May's free money round up. The target was £85.20:£0.27 bank account interest
£1.22 Curious Cat (as recommended by Martin)
£1.96 TopCashBack
£2.00 Storewards
£5.00 Online forum about savings 😀
£5.00 Vypr
£7.93 Qmee
£10.00 cashed-in Nectar points
£10.00 Shop & Scan
£22.49 Prolific
Total = £65.87
Rubbish! But I've not really put my back into it this month (and if my pending £7 on Prolific had been approved and I'd received the £25 I requested from One Poll in the first week of May then I would have got there).
I did also receive my £1k LISA bonus - but won't count that 🤣
June's target = £87.96Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!8 -
Excellent work there on the free dosh!4
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You're no fun! No cutlery talk, no biscuit talk, no kitchen talk!
I also have a LISA on top of normal S&S ISA and workplace pensions. Mostly, because I'm nosy and want to know how it will eventually turn out.
£65 is incredible for a month, don't be silly.6 -
Can't believe I missed the big day! But huge congratulations on becoming mortgage free 🥳🥳🥳Emergency Fund - £8572.39 / £10,000 :: Mortgage OP 2025 - £LISA 24/25 - £3200 / £4000 :: NSD 2025 - 2 / 150 :: Books Read: 1 / 52 :: Decluttering - 4 / 1000Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 20174
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Thank you so much - stragglers always welcome 🤣!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!1 -
And now the One Poll money has arrived 🤦♀️ - making my June daily average £25.00/day. I'm expecting that to drop rapidly!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!5 -
@South_coast well done on the free dosh!
Just catching up and loving the biscuit talk. Not good for temptation though!Mortgage free as of March '25!
£240,000 paid off in 4 years, 8 months and 18 days (July '20-Mar '25)
Mortgage paid off 19 years early.
2025 MFW #40
2025 Goals
Pay off mortgage of £55k for good! - £55k/£55k paid - mortgage free!!!
Keep emergency fund at £10k - £10k/£10k - goal met!
Lose 12 kgs - 3/12 kgs lost so far
Try 1 new activity/experience as a family each month - 0/12 new activities/experiences tried
Decluttering - declutter 500 items from house and outbuildings - 136/500 items so far3 -
Er, I believe mentioning biscuits was banned 🤣? Will let you off for a first offence 😀Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!1
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