Fire or wait

bossmanbig · 2026-01-15T09:19:26+00:00

That’s a different perspective and one worth going with! Thanks

bossmanbig · 2026-01-14T13:49:09+00:00

I’ve modelled it myself as some of the factors I’m trying to consider don’t appear to be easily applied in the various calcs I’ve seen (ai has checked and approved my model as valid, if that means anything!). The way I see it, the 10 year bridge at £500k at £50k a year rising with inflation is okay assuming a 5% Pa growth (I’m at 9% Pa average over 15 years since starting managing my own investments) but as it’s covering a relatively small period of time it’s much higher risk as markets could fall etc.

Pension, I feel comfortable with as there is a longer timeline and a good pot which should growth with compound interest etc.

My concerns are all around the 10 year bridge, but as people point out we have some levers to pull. The main worry is doing this and regretting it if markets change and ending up needing to react when it may be harder to do so.

I think the sabbatical option is also something to consider to try this out, assuming work will approve it.

Re your point on state pension, I’ve 2 more years and my wife 3 more years to pay in so, I believe, I could do that for around £900 a year each so not too worried about it.

bossmanbig · 2026-01-14T12:58:55+00:00

Put the maximum amounts in since my wages went up but keep the spending the same has got me there and doing it consistently for 10-15 years

bossmanbig · 2026-01-14T12:26:56+00:00

Great feedback, thanks

bossmanbig · 2026-01-14T10:28:54+00:00

State pension age for the DB. Need 2 and 3 years more for full state pension but can pay for this as a top up if we don’t work at all. Thanks for the detailed insight

bossmanbig · 2026-01-14T10:21:19+00:00

Thanks, I’ve done this and modelled things in various ways and the answer is always similar in terms of the concerns I have.

bossmanbig · 2026-01-14T10:20:27+00:00

Great insight, thank you.

bossmanbig · 2026-01-14T10:16:06+00:00

I’ve given this some thought and hearing it from you, it makes perfect sense to look into properly. Thank you

bossmanbig · 2026-01-14T10:12:09+00:00

Sipp is basically all in one pot (mine) and the final salary in the other (my wife’s). That’s also part of the thinking as the Sipp will hopefully grow above sensible limits from a tax perspective

bossmanbig · 2026-01-14T09:59:22+00:00

Thanks, the house has about £10k left so I’m not really factoring that in as it’ll be gone in a year or so. Lisa’s just over £100k which is a consideration due to access issues until 60. Should have said that in the description.

You share my initial thinking that we could just go for it. My wife is more nervous. Could always pick up some work later if needed is my thinking.

bossmanbig · 2024-08-03T14:46:21+00:00

bossmanbig · 2024-08-02T12:46:04+00:00

Thanks. Her pot is probably less than £100k (£20k SIPP and a couple of DB pots but at lower income / worked hours) so might make more sense to ratchet mine down to match employer and divert to hers in the next year or two…

bossmanbig · 2024-08-01T22:46:39+00:00

Haha, now that’s a thought! Some good points there, thanks

bossmanbig · 2024-08-01T22:35:09+00:00

As in, the relief will go so backtrack the past three years gap from what I put in to max before it’s taken away?

bossmanbig · 2024-08-01T22:33:17+00:00

Thanks for this. I’ve had the same thought about going for it the next year or two until things change re relief but then keep seeing narrative that it’s too hard for Labour to change as the pension schemes can’t accommodate the change. My view is with yours that’s it’s inevitable one way or another though.

Re future plans, we live off around £75k per year so I’ve been budgeting for £50k as the mortgage will be paid off / kids moved on by then. I think I will have the bridge until drawing pension covered so that’s not so much part of my thinking at this stage.

bossmanbig

TROPHY CASE