OK, Yet Another Pension Question

doberryfirkin

I have read most of this forum and made a few enquiries. The honest input from many on this forum is a refresher after others experiences in the business. I have tried to set out below my current situation and would welcome some feedback from the regular contributors as to what the answers to the question might be.

My current pension plans are a collection of money purchase (annuity?), from previous employer, and company scheme with retirement date of 65 (not sure that this is fixed).
I see the need for some income earlier (ageism creeps in) and therefore want to consider an investment approach now which will set me up to have some income at approx 60 year point to tide over till annuity and company schemes 'kick in' and then to supplement these schemes.
This could either be SIPP, ISA, and Personal or Stakeholder pension. Whatever the approach I would like to include the following:

Obtain best possible tax advantage whilst meeting criteria above.
Minimal possible charges balanced against other advantages.
Flexibility to choose from a selection of investments which might include sector, market or geography and include cash.
Ability to sell and re-invest without loss of tax advantage and hold as cash (not priority).
Investments could be lump sum, irregular or monthly and can change in amounts.
Ability to access over the internet and monitor value / performance with phone support an advantage but not essential.
Investment timeframe over the next 10 - 15 years.
Current view is that this investment will support retirement income running up to age 65 point. Therefore it could be cashing in of investment or lump sum taken at, say, 60 followed by income drawdown.

Based on the knowledge that this forum cannot advise, only comment my question is:

How might an ISA, SIPP, PP or Stakeholder pension option stack up against the above criteria?
I do have some endownments which are performing badly and am considering cashing in to use as part of this investment approach - could this be worth it?

purch

Are you currently a Basic or Higher rate Tax Payer ?

EdInvestor

Really need details of exisiting pensions (and state pensions) plus other savings and investments (incl house) to see what would be best.

Wat you want is entirely possible, it's just a question of how much to put in which tax wrapper (SIPP and ISA).As a basic rule of thumb if you have no employer contribution to a pension and are a basic rate taxpayer start by filling up the 7k a year S&S ISA.

doberryfirkin

I am a HRT - just over. I do have some ISAs - 14k. I do own a house, approx 300k. Don't know what the state pension payment would be. Current money purchase plan is approx 30k in value, company final salary would be 10k per year based on current projections and the compan ycontributes to it.