Spare cash in SIPP approaching retirement

Ciprico

I have a buffer of 100k that was in premium bonds but I then
decided to put it in wife's and own Marcus accounts.

After reading on here I'm contemplating sticking it in SIPP using
the last few years pension allowances

This is not money I want to significantly risk.

I'm 56 and plan to retire at 60.

What are peoples views on this.

Reluctant to hold cash in pension but would want to
keep risk to an absolute minimum if using a fund

If I set horizons for 5 years and would be happy with 1-2 %
are there any such products or is cash the best bet...

SonOf

Reluctant to hold cash in pension but would want to
keep risk to an absolute minimum if using a fund

Are you planning to spend the £100k in 4 years time? Or will it remain invested for the next 25-30 years providing you an income?

If I set horizons for 5 years and would be happy with 1-2 %
are there any such products or is cash the best bet...

Before you look for answers, clarification on what the timescale of the investment is likely to be is needed.

Ciprico

depending on job, take it out as pension in 4-5 years time as part TFLS and taxable income before SP kicks

So would like to take advantage of the "6.25%" tax relief SIPP boost, and having the rest as taxable income but under tax threshold...

...problem being the time frame is not long enough to whether a possible significant equity down turn. So keeping cash in SIPP is an option, or part in cash and part in say VLS20 but exploring possibility of other boring, "reasonably" safe, low return investments.

Thrugelmir

123mat123 wrote: »

Reluctant to hold cash in pension but would want to
keep risk to an absolute minimum if using a fund

If I set horizons for 5 years and would be happy with 1-2 %
are there any such products or is cash the best bet...

Substitute cash for short dated gilts. As low risk as you can get.