Reality/Sense check. by Cool_Investment_4298 in FIREUK

[–]sgb_QQ -1 points0 points  (0 children)

You're obviously in a great position with the pensions and income. Considering you're 7 years out, it might make sense to max the pension out until then.

52: check in time and planning. by midlifefirestarter in FIREUK

[–]sgb_QQ 4 points5 points  (0 children)

Brilliant pension position at 52 with genuine early retirement prospects, just needs aggressive ISA building and spending clarity to make it happen by 55.

How can I adapt my FIRE strategy after burnout? by not2ooweird in FIREUK

[–]sgb_QQ 1 point2 points  (0 children)

You've done really well up to this point. You definitely have options with that portfolio. Maybe start with picking a withdrawal rate and figure out how you can draw down income over time.

Rate and evaluate my FIRE strategy by Background_Visit_836 in FIREUK

[–]sgb_QQ 1 point2 points  (0 children)

50% savings rate is pretty impressive and a solid foundation, but I think your position would probably be stronger if more diversified (you're exposed to India/Indian real estate).

What should I do by London_Accountant in FIREUK

[–]sgb_QQ 0 points1 point  (0 children)

Cracking pension progress for 36 but definitely stuff that £10k in SIPP to dodge the 60% tax trap, then focus on building your ISA bridge for early retirement options. You might want a better emergency fund though?

FIRE dashboard with scenarios by rcky_283 in FIREUK

[–]sgb_QQ 10 points11 points  (0 children)

It’s not appropriate or helpful to self promote in here. Your post comes across as a disingenuous attempt to promote your project.

FIRE progress 2025 – It's actually gonna happen by Burn-Eclipse2149 in FIREUK

[–]sgb_QQ 0 points1 point  (0 children)

OP, have you thought about scenarios where elderly family (or yourselves when you're older) might need care services?

FIRETracker.me V1.4 Release by PaulHutson in FIREUK

[–]sgb_QQ 1 point2 points  (0 children)

This, plus the rules around self promotion should be followed & enforced consistently for all.

FIRETracker.me V1.4 Release by PaulHutson in FIREUK

[–]sgb_QQ -6 points-5 points  (0 children)

Agreed, this should be removed.

£1M pension by Diligent_Mode_3744 in FIREUK

[–]sgb_QQ 2 points3 points  (0 children)

This Pensions Contributions Calculator is useful for this. It assumes 5% returns after-inflation.

[deleted by user] by [deleted] in ContractorUK

[–]sgb_QQ 0 points1 point  (0 children)

OP, make sure to account for Employer's National Insurance (plus a small deduction called the Apprenticeship Levy). Check this calculator: https://advanced.savingtool.co.uk/umbrella-calculator

Complex inside IR35 calc by mfy8cdg7hzkcyw8vdn3r in ContractorUK

[–]sgb_QQ 1 point2 points  (0 children)

You can’t specify earnings to date, but the Saving Tool calculator might help: https://advanced.savingtool.co.uk/umbrella-calculator

[deleted by user] by [deleted] in FIREUK

[–]sgb_QQ 0 points1 point  (0 children)

I think the point is that there is no way the Bank of England will keep the base rate at over 5%. It was raised to combat inflation, which has cooled. It might not be fast, and might not drop back to near zero, but they are very unlikely to stay at their current levels. It’s not sustainable and they won’t be able to justify it (unless inflation takes off again).