Maintain a savings rate above 50%. Monthly savings rates don’t matter so long as the year to date average is at or above target.
Reduce the mortgage by £45,000 or more.
Use up all available pension allowance.
Use up all ISA allowance.
Pay no more than £47,000 income tax in 2019 / 2020 tax year.
- Except for property, where I don’t take into account any revaluations, hence here and everywhere else in this blog property wealth = purchase price – outstanding mortgage balance.