How we funded a retirement dream of sailing around the world

Dating service
Judy Aslett and Steve Holloway from sailing blog, sailingfairisle.com
Wild blue yonder: Steve Holloway and Judy Aslett are setting sail around the world on their 48ft yacht, thanks to some shrewd financial planning Credit: BETH EVANS, GETTY

Once Judy Aslett and her husband Steve had decided to buy a boat and sail around the world in retirement, there was no going back – and they have no regrets

Story based on an interview between the Telegraph and Judy Aslett, who is not a Fidelity customer, July 2019. 

Swapping a broadcasting career for life on the high seas has been a surprisingly easy move for Judy Aslett, 56, even though she was new to sailing. ‘I knew absolutely nothing,’ she laughs. 

Her husband Steve Holloway, 55, is the experienced sailor, and he’s persuaded Judy to share his retirement dream of selling up and setting sail. ‘We’re sailing around the world for as long as it takes,’ says Judy. ‘I think we’ll do it until we drop dead.’ 

Judy and Steve have already faced storms across the Bay of Biscay and made friends with dolphins, and – as accomplished film-makers – are documenting their travel adventures at sailingfairisle.com

With the proceeds from selling their family home and £15,000 (7pc) of Judy’s private pension, the couple have spent £250,000 buying and kitting out their 48ft yacht. 

Financial stability 

Both Judy – a former newsreader and journalist who has worked for a number of media organisations including Channel 4 – and Steve, a former ITN cameraman, have left the rest of their pensions to grow.

They hope that earnings made from their YouTube channel and the odd documentary for broadcast clients will keep them afloat. They will not be drawing down on Steve’s work pension yet because, as Judy says, ‘on a boat you can survive on very little money’.

Judy is saving the rest of her pension for income and unexpected expenses such as replacing a mast. ‘It’s been pretty full on but I love it. And now I’m thinking: “Yeah, I’d like to cross the Atlantic and go further afield.”’ 

Saving for your retirement dream 

Judy and Steve are very fortunate to be living their dream lifestyle at this stage in their lives. 

If you want to achieve your retirement goals, you will need to make sure you are financially able to do so through careful planning and making sensible saving decisions. To help you plan for and achieve your ideal retirement, Fidelity can help with useful hints, tips and tools to work out how much you need to save and to help keep you on track.

To find out more about saving and planning for your retirement, call 0800 414 113 or go to fidelity.co.uk/retirement-revolution

Important information 

The Government’s free and impartial Pension Wise service can help you understand your options at retirement: visit pensionwise.gov.uk or call 0800 138 3944. 

The value of investments can go down as well as up, so you may get back less than you invest. Withdrawals from a pension product will not normally be possible until age 55. Tax treatment depends on individual circumstances and all tax rules may change in the future. This is not a personal recommendation. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. 

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