It is that time of year again: the Birthday Blog!
The plan is to "retire" on my 66th birthday on 8th November 2025, as that's when I can draw on my UK Old-Age Pension. About 5-years ago, my plan was to carry on working for as long as possible; but - probably due to Covid - I've decided that I'm going to give-up full-time work at the earliest opportunity and enjoy living rather than working. I've still the same blog photo: taken at the time of my 50th birthday - maybe this is the time to change it.
This time last year, the SIPP value was at £243,147 - the SIPP had made a terrific recovery from the depths of despair surrounding the impact of Covid, and I was confident about the coming 12 months. As per the table below, the value of the SIPP at close-of-business on Friday 5th November was £307,654 - and increase of £64,507.
As £12,000 of that increase was my own monthly contributions, that indicates a growth of £52,507 or 21.59% - an absolutely brilliant result even if I say say myself.
I've smashed my target value of £291,000 for the year, and I'm 2-months ahead of my year-end target of £300,000. You may notice that I have reduced the number of holdings from 13 down to 10, and in doing so I've increased the value of my "plays".
Having broken the target for the year, I will recalculate the target for 8th Nov 2022, and (based on the final value achieved for 2021 on 31st December) will recalculate for the year ending 31st December 2022.
