planning for retirement - pension or mortgage and property?

Lokolo

stevetan wrote: »

Hi atush, thanks. yeah I know that they are both pensions I just meant that I would split 50/50. I may then increase the risk a bit and put more into the stocks/shares side of things.

Sorry, 50/50 with what?

A SIPP is just a wrapper, so you can put 50% into Bonds inside the SIPP, then where would the other 50% of the money in the SIPP go?

e.g. you buy a PS3 (a SIPP), inside that PS3 you can choose to put DVD (Bonds), Bluray (Equities) or Games (Property). So the SIPP isn't investing in, it's just an account where you choose to invest in different things.

atush

Risk in general should be taken sooner and be conservative later.

As you are getting these back to front you need to do some investment research and reading.

AlwaysLearnin

Just to also point out, as not sure how far in to the higher tax bracket you are, you'd only get the 40% tax relief on amounts over the 40% threshold