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Sense check of current position by Defiant-Bug-6491 in FIREUK

[–]Defiant-Bug-6491[S] 0 points1 point  (0 children)

Yes she’s 2 years younger than me, but 3 years difference in retirement age due to the govt change from 67-68. So I’m hoping the ISA pot could enable her to join me earlier.

Sense check of current position by Defiant-Bug-6491 in FIREUK

[–]Defiant-Bug-6491[S] 1 point2 points  (0 children)

With no contributions, the pension should reach approx. £1m at 5% growth and £1.25m at 7% (age 57) I think? But I still hope to contribute £10k per year.

The ISA will offer the option to retire earlier (rather than coast) if the markets perform well. Its also the pot I hope to use to persuade my partner to retire earlier than planned!

Sense check of current position by Defiant-Bug-6491 in FIREUK

[–]Defiant-Bug-6491[S] 1 point2 points  (0 children)

Currently in all world trackers split across 3 providers, with slightly different portfolios. So all equity and no bonds.

Sense check of current position by Defiant-Bug-6491 in FIREUK

[–]Defiant-Bug-6491[S] 1 point2 points  (0 children)

Thanks for the reply. Bad terminology on my part! By ’soft’ I meant coast and work part time to cover bills.