Nothing. Brexit negotiations are going to shit on schedule, and I’m trying to keep on trudging along with my goals for the year.
Savings rate: 60%
The actual year to date average is 66%. This won’t last, of course. Because: holidays and stuff. I’ll probably (just) make 60% for the full year. Probably pass.
Property wealth: overpay mortgage by £10k
Overpaid £6.4k so far this year. The jury’s still out on this one. Wait and see, I recon.
Pension wealth: use up all available allowance
The pension is finally approaching what I’d call a reasonable place. It’s nothing spectacular in absolute terms, but the sins of the past have been largely atoned for.
For those who didn’t know or have forgotten, I was once young and good looking, which somewhat compensated for an abject lack of competence in matters of personal finance. I paid a 60% marginal tax rate, didn’t contribute anything into any sort of a pension, and either spent the money or put it in an instant access bank account paying a 2% interest, or something stupid like that. And then I spent whatever was in that account on a piece of overpriced property. Because: I thought I could afford it.
But no more. I’ve changed, and although my digs still make up almost half of my total net worth, at least I now have a pension. Pass.
Financial wealth: Emergency Fund & Freedom Fund
The goal was to top up the Emergency Fund. A complete and utter fail.
Continue with regular savings into the S&S ISA. Pass.
Tax: pay no more than £23k of income tax in 2017/18 tax year
We’ll see, but most likely it’ll be a fail. In the rough calculations I did back in January when I set my 2017 goals, I forgot to take into account the tax on P11D benefits. Bugger.