";s:4:"text";s:4502:" How do you get to 32-36k after tax with no holidays.
I'm blogging how much it costs to live … The 2.5K on pet food, pet insurance and vet's bills doesn't help. Early Retirement UK? I'll be taking early retirement, I'm happy with trading pension value for more years of semi/retirement. Accessible funds are also taxable accounts as they are funded by after tax income.I use 55 years old because from this age you will be able to utilise the funds from a SIPP/ Company pension to cover expenses.Taking this perspective makes things a whole lot easier – it means that you can become Financially Independent with a much smaller accessible portfolio. This will show that the savings rate is actually higher than expected.You can view my current savings rate on the real-time expenses coverage tracker on the The first stage is to build an accessible portfolio that will cover your expenses in the period from when you retire early to age 55.By accessible, I mean funds that can be withdrawn at any time without any penalties applied, for example an ISA or cash savings. Post by NorthernIrelandERE » Wed Jan 25, 2012 5:04 am. Issues related to that can go here, but you're welcome anywhere on the forum!This is an area for our members who love to travel to share their experiences about great (and not so great) destinations.If it doesn't fit in another category, post it here! Retirement planning, early retirement, general retirement discussions. There is no longer a hard and fast age at which you have to retire. It’s a website dedicated to retirement. No registration is required to post here.Most users ever online was 2,270, 02-14-2020 at 05:28 PM. Forum. News About the site MSE's Editorial Code How we're financed Martin's blog Forum Home » Pensions, Annuities & Retirement Planning. Threads 75 Messages 860. This post explores ways of attaining early retirement in the UK using investment vehicles available such as ISAs, SIPPs and Pensions. As my wife is Spanish we're 5-6yrs away from moving there ourself. In this post and a downloadable It is also important to understand the basics of investing in the stock market before starting this journey. With hindsight (I know a wonderful thing!) I’d say, if you only wanted to stick with one retirement forum, you’d probably want stick with this one. This can be done by achieving financial independence, where investment or business income can cover your core expenses, ensuring that you do not need to rely on a corporate job to make a living.There are numerous posts out there about how early retirement can be achieved by people earning an average salary in countries such as the US and Canada. My full time job pays 26% more and my consultancy role pasy 100% more than if i returned.I live in Yorkshire now another cheap region of the UK, but my job pays the same as a London wage (well more because of a relcoation bonus)The tax allowance is increasing to 10k by the end of this parliament so I concur ISA's are an essential part of retirement planning Simple living, extreme early retirement, being wealthy, ... 10 posts • Page 1 of 1. Also our council tax is 3K. Claim £6/week tax back on extra costsMartin Lewis: My Coronavirus Fund – £3.4m donated to 415 charities – how we selected, who got it, and some thanks
I'm in similar circumstances (no DB) so it's interesting to hear your experiences. This community was started in 2002 as an alternative to a then fee only Motley Fool. Take a look at my About Page to find out more, or read through some of my Previous Posts to follow the journey from the start. On retirement you can take out up to 25% of your pension as a tax-free lump sum, and the rest can be used to provide you with a taxable income throughout your retirement. Even with £1k per month fun money and £500 per month on holidays I am only getting to about £34k. Save money, Retire early, Enjoy life UK Blogs I Follow Probably the most well known personal FI blog in the UK, Simple Living in Suffolk is the Ermine’s outlet for his witty and often brutal views on consumerism and the financial problems of those who choose to fund their … "I found it a bit difficult getting used to having no money coming in and just spending.
"Quite easily, but it's probably the 3K on petrol that's pushing it up, as we do quite a lot of touring and I also run a classic car that I drive to a lot of events around the country.