What’s new?
India has surpassed Britain to become the world’s sixth largest economy. Gotta love Brexit, also known as “that gentle stroll along a smooth path to a land of cake and consumption“.
Oh, and the Tories have joined forces with the DUP: creationist pro-life anti-gay climate change deniers. Here’s a brief summary of my thoughts regarding the state of politics in this green and pleasant land. It’s almost like, every time I think we’ve reached the top of the Crazy Mountain, a cloud blows away and there’s another peak to climb.
Whatever.
All being well, I should have 8 years (that’s 2920 days) left until The Day. In the meantime I’m trudging along as best I can.
Savings rate: a minimum of 60%
Actual year to date average is 68%.
I don’t count mortgage overpayments as savings, which lowers my savings rate slightly. I don’t care. I want to be mortgage free, the sooner the better.
Property wealth: overpay mortgage by £10k
Overpaid £3k so far this year. It’s looking like a stretch objective at the moment, but who knows, I might just make it.
As much as I dislike having a mortgage, I dislike paying tax even more. If it comes down to a choice between overpaying the mortgage or using up all available pension allowance, I’ll go for the pension allowance.
Pension wealth: use up all available pension allowance
Pension is finally coming in line with the plan.
I should start working on my non-pension savings, but I still have a little over £30k of carried forward pension allowance, all of which will expire in April 2018, if not used. It would be a shame to let it go to waste.
Financial wealth: Emergency Fund & Freedom Fund
Emergency fund still needs topping up. Fail.
Tax: pay no more than £22k in income tax for 2016/17 tax year
This one is a little annoying.
I’m £146 over the £22k limit. Fail.
3652 Days 
You must earn some serious money to be paying £168k in tax – or did I read it wrong??
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Not really … I paid £22,146 in income tax this past tax year.
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