Stocktake: Q2 2016

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Ent’ring with cheerful shouts the wat’ry reign, and plowing frothy furrows in the main

What gets measured gets done, and so it’s time for a stocktake. There are no alarms and no surprises this quarter, as Radiohead would say, although savings rate warrants watching.

Goal 1: 60% savings rate

The monthly savings rate wobbled in May and June, but the in-year average stayed just below the 70% mark, mainly due to bonus salary sacrifice in Q1. I’ll give it a pass.

2Q16 Savings rate

Goal 2: 10% mortgage overpayments

Hasn’t happened and is not going to. Instead of overpaying the mortgage I’ve been channelling money into the SIPP, because: tax.

Goal 3: Pension

In Q1 the bonus went into my company pension as salary sacrifice. Also, since I’ve now abandoned Goal 2 in favour of ramping up pension contributions, the SIPP balance has increased by a little under 50%.

In the beginning of the year the amount of savings I was holding in tax advantaged pension accounts was significantly suboptimal. I’m still not where I should be, but it’s going in the right direction. Pass.

2Q16 Asset allocation

Goal 4: Emergency Fund and Freedom Fund

Neither the Emergency Fund nor the Freedom Fund have grown significantly, but I have manage to add a small amount of savings to each. Pass.


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