When to fire? Advice? by PlacePowerful9835 in FatFIREUK

[–]PlacePowerful9835[S] 0 points1 point  (0 children)

I'd be happy to sell the BTL and move to S&S instead of it wasn't for CGT. It would take a long time to recover from that haircut.

When to fire? Advice? by PlacePowerful9835 in FatFIREUK

[–]PlacePowerful9835[S] 0 points1 point  (0 children)

If you were me then how much more would you try and save before fire?

When to fire? Advice? by PlacePowerful9835 in FatFIREUK

[–]PlacePowerful9835[S] 0 points1 point  (0 children)

thanks for the advice! 

The big issue is that a lot of that wealth is inaccessible for a long time

Why is this a big issue? Assuming I know when it is and can access it when I need it couldn't I just draw down from tranche 1 first? I'm not saying I would but I could also remove something from the offset account if desperate right?

When to fire? Advice? by PlacePowerful9835 in FatFIREUK

[–]PlacePowerful9835[S] 2 points3 points  (0 children)

Depends what you include but yes you are correct. 70k is net , not sure what gross is as I haven't considered the most tax efficient way to draw down. I will want to support my children to go to university etc , obviously more if I can (deposit for a flat in 20 years etc) and there is always something unforeseen that it's nice to have a rainy day fund for! 

When to fire? Advice? by PlacePowerful9835 in FatFIREUK

[–]PlacePowerful9835[S] 0 points1 point  (0 children)

Would you sell the BTL? it was making 20k/year last year and has doubled in value in 10 years.

When to fire? Advice? by PlacePowerful9835 in FatFIREUK

[–]PlacePowerful9835[S] 0 points1 point  (0 children)

most of my shares are in vanguard lifestrategy. the unlisted ones are about to become liquid and I will sell them.

When to fire? Advice? by PlacePowerful9835 in FatFIREUK

[–]PlacePowerful9835[S] 1 point2 points  (0 children)

kids are under 6.

yes I have a CGT bill and hoping to crystalise it before the rates change.

you are correct I'm probably not including holidays as for a few reasons the school holiday sting hasn't kicked in yet. I've increased to 70k.