HL SIPP - Fund for Cash

nrsql

You are looking for small amounts of interest (0.5%) so why not dabble with a small amount.
Maybe a few £5k tranches. (passive tracker, bonds, gilts funds)
The possible downside wouldn't be much and you have a good chance of making your 0.5%

Bravepants

I've just had an AVC pot transferred to a SIPP. My plan for this is to retire in 5 years, drawing down £15800 (current tax allowance plus 25% tax free component) for 5 years until I hit 60 and one of my FS pensions kick in, for about the same amount per annum.

I have decided that I will keep 1 year's worth of drawdown as cash, so £15800 now and invest the rest in HSBC Global Strategy Balanced. Next year (on my brithday) I will sell another £15800 worth of investment and add it to my cash in the SIPP and so on each year for 4 years, until the last year before I reach 55, when it will all be cash.

mark9

@BravePants


Like the simplicity of your approach, thanks for sharing. Would appreciate an insight into your strategy if there was to be a market crash/downturn? This a genuine question not a criticism.
Thanks.