I am fairly new to the Fire movement and now thinking more about when and how I finish work. Reading posts on here have been a huge help and inspiration.
I have always saved well into a pension, which has just hit £400K at age 41. My dilemma now is I need to start thinking about funding pre-pension years if I want to retire in my early 50’s. Any salary above £100K always went into a pension but I have now realised I need to work on my ISA which I haven’t saved anything in.
Does anybody have any experience, or can offer any advice on what to do in the situation. The thought of 62% tax over £100K wants to make me cry, but feel I have no choice. If I started prioritising an ISA now I could have £300K by age 52, which would be enough for me to finish work without waiting until my pension kicks in at 58, which I would assume would be plenty by then if left to compound with just my minimum £500 per month employer contributions.
Would love to hear how people on a similar path have planned for this.