Overall it's been another good month. At one point I actually hit my current ISA target of £70,000. This has slipped slightly again now but hopefully it will soon be consistently hovering around the mark (until we have a significant market fall that is - when and if that will happen seems to be anyone's guess so it's not worth worrying about.) For the time being I am calculating my investments with Abundance along with my ISA for the sake of simplicity. Although the interest on Abundance is taxable the recent budget changes regarding the £1000 tax free allowance on the interest on savings mean I am very unlikely to ever actually pay any tax.
I paid a fair whack into my SIPP in March (£3,000) but I have been thinking about my strategy for my pensions recently and may well be revising it (yet again). More details to follow.
On my current calculations (and current market positions) I have less than £16,000 to go to be on track for retirement in exactly 2 years time. My SIPP is key to this and I do still feel a little vulnerable to a large market drop with this. However I am protected to some extent by the CIS FSAVC which shouldn't lose much value whatever happens (famous last words). I intend to drop down to a less volatile position with the rest once I have transferred in the FSAVC around Sept time.
Since I started taking an active interest in our savings and investments one year ago I calculate that their value has increased by around £28,000 due to concentrating on budgeting and investing as much of our income as possible (around £8,000 has been in investment profit). Not bad for a year's work :-)
Going forward we won't be making anything like the same kind of gains as my husband will be retiring fully in June. Still it does feel as if the bulk of the work has been done.