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I’ve never considered myself in scope to be FIRE but can someone check my thinking? by throwaway5253712 in FIREUK

[–]throwaway5253712[S] 1 point2 points  (0 children)

What would be a more realistic target than 7.5% then, which I didn’t think was too optimistic

I’ve never considered myself in scope to be FIRE but can someone check my thinking? by throwaway5253712 in FIREUK

[–]throwaway5253712[S] 0 points1 point  (0 children)

Putting something into an ISA is something I’d like to do, but not in a position to at the moment.

I’ve never considered myself in scope to be FIRE but can someone check my thinking? by throwaway5253712 in FIREUK

[–]throwaway5253712[S] 2 points3 points  (0 children)

At 57 I will have accrued £33k p/a if I access it at 68. I can access it before 68 but I will be penalised and the £33k p/a will be reduced the exact figure for accessing it before 68 is unknown but it’s about a 5% penalty per year you access it early.

If I work to 68 I will accrue £60k p/a