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Alchemausterity II

17374767879104

Comments

  • savingholmes
    savingholmes Posts: 29,208 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sounds like she got higher levels for at least part of the award. I was able to ring up and ask the details of mine. That's an option if your letter doesn't arrive soon
    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 £42.5K + Lump Sums DB £4.6K + (25% of SIPP 1.7K) = 48.8K of £127.5K target 38.3% 24/5/26 (If took bigger lump sum = 71.K or 55.9%)
    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 £5.7K updated 29/5/26
  • Alchemilla
    Alchemilla Posts: 6,276 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Karmacat said:
    Ooh that's a good amount!  Though I don't blame you for waiting to have it taken off you - the workings will be interesting to see, I hope they're right!
    All good so far :)
  • Alchemilla
    Alchemilla Posts: 6,276 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Sounds like she got higher levels for at least part of the award. I was able to ring up and ask the details of mine. That's an option if your letter doesn't arrive soon
    Yes she did, not the mobility part, but the other part.
  • savingholmes
    savingholmes Posts: 29,208 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sorry to hear your news Alchemilla. All I can do is send prayers and hugs.
    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 £42.5K + Lump Sums DB £4.6K + (25% of SIPP 1.7K) = 48.8K of £127.5K target 38.3% 24/5/26 (If took bigger lump sum = 71.K or 55.9%)
    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 £5.7K updated 29/5/26
  • apple_muncher
    apple_muncher Posts: 15,471 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! Name Dropper
    Oh, Alchemilla, also sending you some hugs and TLC.
    NST March lion #8; NSD ; MFW9/3/23 Whoop Whoop!!!
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