May – Monthly Update

Wow – the year seems to be flying by and I have a bank holiday weekend ahead of me.

I have just been doing my monthly summary and can see that this month has been a bit heavy on expenses, mainly paying for my summer holiday which is only a few weeks away now and some seasonal spending.

At last, my SIPP is showing a profit! the funds have been slowly rising over the past month and they have now started to offset the original investment buy/costs. I have also received the tax reclaim this month  – I didnt realise it would take so long to get the tax reclaim into the account. My pensions are quick at claiming and investing the tax reclaim – but not this SIPP company. It makes me wonder if there is a ‘slight delay’ to enable them to accrue some interest during transit?

Anyhow, with the sun out and the warm weather, it has lightened my mood which is gratefully received and required. I am counting down to my holiday and time away from my workplace. ‘The Man’ is tiresome and so full of office politics at the moment it might as well be them participating in the general election. Things are now accumulating on the project I am working on and the findings are not good. It may mean that the project is canned, if so, they have no need for me long-term so my time there could come to an end quicker than I thought. Which is fine, that’s the reason for the FI fund – to not be worried about the need to work. Its about having choices and the ability to live without being tied to ‘The Man’. Some independence and self-sufficiency.

My FI fund is looking good at the end of this month and is almost back to the level it was at when I took my ‘FI break’. Pension funds are looking good, making good gains and the SIPP is now looking healthier.

I have increased my ISA monthly savings amount to take advantage of the new allowances. Being able to put upto £20k into an ISA will really help me as I can move money that is idling in savings accounts into the ISA an earn some better income.

I also want to sell some of my non-tax sheltered shares and move the money into pension, SIPP and ISA accounts and the new allowances give me the freedom to do this.

Happy May bank holiday everyone, I am off to enjoy the sun.

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3 thoughts on “May – Monthly Update

  1. Don’t you love a public holiday? Our next one is in a few weeks, and is actually the Queen’s Birthday long weekend. Thank you, Ma’am, and happy birthday.

    It will be interesting to see whether they do can the project or decide to press on. That could certainly explain the awful culture there, if it is all going down the toilet. With your honey pot heading in the right direction again, you’ll be able to completely enjoy your holiday without worrying about what will happen to your job. What a great position to be in!

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