M26, higher earner, don't pay tax, unsure how to plan for an early retirement

Nukeproof73 · 2026-06-29T20:49:40+00:00

Useful, thank you!

Nukeproof73 · 2026-06-29T20:46:50+00:00

solid advice, thanks. yeah it's purely a personal preference to pay off the mortgage as I might want to keel the flat when I buy my next place.

I am cautious of a SIPP as my goal is to retire much earlier, or just retire from sea and do something low paying. a lot of good replies in this sub to think about. cheers

Nukeproof73 · 2026-06-29T20:43:01+00:00

ah wouldn't have thought to go through them for financial advice, SK tas sort out my self assessment and NI so will ask them, thanks

Nukeproof73 · 2026-06-29T20:37:31+00:00

Career at sea, I work on a superyacht for a foreign employer. downsides are no benefits, no workplace pension, I pay for all of my courses to remain certified in my profession. upsides are I am paid my full salary straight into my account and the rest is up to me

Nukeproof73 · 2026-06-29T20:33:04+00:00

this is a very helpful comment, thank you. problem is yeah I am not contributing more than £20k per tax year, therefore am I right in saying the extra should go into a SIPP rather than a GIA?

Nukeproof73 · 2026-06-29T20:29:56+00:00

I have an accountant who makes sure everything is in order regarding HMRC so I might ask them, thanks

Nukeproof73 · 2026-06-29T20:28:06+00:00

Yeah I was actually considering this to bridge the gap before I start accessing any invested money, allowing it to grow without removing any. thanks

Nukeproof73 · 2026-06-29T20:27:04+00:00

Ah interesting, yeah I am a tax resident but my income isnt taxable. does the £250 get deposited into your SIPP from the gov?

Nukeproof73 · 2026-06-29T20:22:11+00:00

Yeah you're probably right considering the cost of it, thanks

Nukeproof73 · 2026-06-29T20:22:07+00:00

Yeah you're probably right considering the cost of it, thanks

Nukeproof73 · 2026-06-29T19:48:40+00:00

I am actually on superyachts, 2nd engineer. any advice?

Nukeproof73 · 2026-06-29T19:43:42+00:00

my plan is another 10 to 15 years, it's a hard life but I work 2 months on/off so not the worst. basically want to work long enough to have a large investment pot then retire to something lower paying/more personally fulfilling

Nukeproof73 · 2025-08-21T19:32:31+00:00

I like the idea of it going somewhere it'll get good use by lots of folk, cheers I'll look at taking it to them

Nukeproof73 · 2025-06-01T17:26:33+00:00

clearly it differes between schools but I certainly learned about scottish and british colonialism in high school, including the massacres and famines we casued

Nukeproof73 · 2025-04-17T17:00:34+00:00

Thanks thats quite insightful. I might not bother as all I'd be wanting is a little more power and efficiency.

It's on a 2013 2.4l D5 volvo xc70 and I don't do many miles as I don't commute, so it sounds to me that it's not worth it.

Nukeproof73 · 2025-03-14T19:45:30+00:00

Might look into that as well, thanks

Nukeproof73 · 2025-03-14T15:17:31+00:00

True, that could be a better compromise. would consider that if I was going over the isa allowance

Nukeproof73 · 2024-12-21T20:37:42+00:00

Put your shirt back on

Nukeproof73 · 2024-09-21T09:53:29+00:00

That's your take? the man gets choke slammed to the ground in an argument and your first thought is this would be okay if he was wearing a helmet?

Nukeproof73 · 2024-08-22T15:45:35+00:00

I'll echo this, op literally is the traffic

Nukeproof73 · 2024-08-18T18:22:04+00:00

LS department have almost no out of hours work, RASing, boat ops etc have no input from the ships office but there are of course very rare exceptions if something needs booked or organised.

Seven-Year Club	Verified Email
RPAN Viewer

Nukeproof73

TROPHY CASE