SIPP PROGRESS

Current Value (As at 8th November 2021) = £307,654including cash

Value at 8th November 2021 = £307,654
Target for 8th November 2022 = £359,355
Target for 31st December 2021 = £300,000
Value of SIPP at commencement of this blog on 1st August 2012 = £51,684.02.

Capital Growth is equivalent to 12.905%pa since Aug 2012 (not including monthly contributions and occasional deposits).


Tuesday 4 April 2017

How is the forecast going?

When I started this blog, the intention was to build a SIPP fund value of over £500,000 by my 65th birthday on 8th November 2024. At the current level of contributions (£750 a month) and if I can achieve 15% per annum growth (including dividends) then I can hit my target of £500,000 on 8th November 2024.


The fund had to be at £125,000 on my last birthday (8th November 2016) to be "on target" and the fund value at that time was and at that time it was valued at £110,000 plus £3,000 in cash - so trailing a fair bit which was disappointing as in early October the SIPP had a total value of almost £120,000.


There will be ebbs & flows in the value and recent performance has been encouraging. The revised target for 8th November 2017 is £153,000.


That is calculated at
Target for 8th November 2016 = £124,615
Growth @ 15% pa = £18,692
Contributions: 12 @ £750 = £9,000
Growth on contributions 7.5% = £675
Total = £152,982
Dividends are currently £3,362 in the year 2016-17

No comments:

Post a Comment