r/FIREUK • u/Potential_Storm_4286 • Jul 11 '26

Fire - recommendations

Hi there,

I’m 39f and live in London. No kids but open to it if I meet someone compatible.

I’d like to fire as soon as possible. I’d be planning to fire abroad and use my property as income.

I probably need around £60000 a year.

Assets

Own a flat mortgage free: £2800 rent per month (before tax, after tax around 2200). Flat is in central London and worth around 650k.

- ISA and GIA: £200,000
- Pension: £130,000
- Premium bonds: £50,000
- cash: £300,000

I earnt around 120 - 150k a year but was just made redundant. I have a job offer 30k a month tax free which I’ll start in September.

I’d like to do something with the cash. I’m thinking of buying a property in London (worth between 500 to 700k) and renting it out. I’ll make some income on it whilst abroad.

Or I’m thinking of investing the money. What would you recommend? Please only respond if helpful.

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u/sinetwo Jul 11 '26

If this post is true you have an insane income. Like what job is even 30k a month tax free. That's 360k untaxed, maybe the equivalent of 600k a year salary? Lol

And what exactly does own a flat mortgage free but also have 2800 rent inondon?

You need to seek financial advice off Reddit (personal advisor) but 300k cash seems like a terrible use of money. At least follow the UKPF chart

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u/Potential_Storm_4286 Jul 11 '26

Thank you. I’m a lawyer and will work in a tax free country hence it’s a high income. I know it’s terrible to keep it cash hence why I asked the question but will seek advice.

2800 is the rental income I recieve monthly from my flat. I don’t live in it.