asset location by tax wrapper

port_of_spain

Let's step back from the latest panic / non-panic, and look at how much each of us has in different tax wrappers — as percentages of total assets, because it would be vulgar to disclose how much we have in £

Today I have approximately:

42% PPR (i.e. own home)

32% ISA

14% Unwrapped

12% Pension

Some rules:

Only DC Pension pots count, not DB Pensions, not DC Pensions where you've already bought an annuity, and not State Pension.

For mortgaged properties, only count your equity in the property, not its total value.

You might have other tax wrappers that I haven't mentioned. Others include: VCT, EIS, SEIS, investment bond, trust fund, personal/family trading/investment company, ...

I will be aiming to increase what I have in a Pension, since that is low relative to what I have in an ISA. PPR will just do whatever it does, because I don't plan to move any time soon.

MallyGirl

Today I have approximately:

41% PPR (i.e. own home)

6% ISA

2% Unwrapped

51% Pension
also don't plan to move.
Unwrapped is lower as we have an offset mortgage so savings as a concept don't make sense - it is just sharesaves which will be cashed in and a bit of P2P.

port_of_spain

I thought I was overdoing the ISA, with an ISA about 3 times the size of my pension; but now I wonder if you're overdoing the pension, with a pension about 8 times the size of your ISA

I suspect you are more typical, because there are in total a lot more assets in pensions than ISAs (though that will include DB pensions).

I think there's something to be said for having a significant amount in both pension and ISA, because tax and regulatory changes could affect either of them (positively or negatively).

Albermarle

I think there's something to be said for having a significant amount in both pension and ISA

If you are ( or were ) a 40% taxpayer + employer contributions , then pension beats ISA hands down and worth forgoing the greater flexibility of an ISA.

For your survey , surely you need to include a 5th category - CASH !

port_of_spain

Albermarle said:

For your survey , surely you need to include a 5th category - CASH !

Ah, the survey is intended to be about the tax wrapper, not what you hold in it. Unwrapped cash goes under "Unwrapped", a Cash ISA goes under "ISA", and so on.

ffacoffipawb

End of last month so ignoring this week's carnage.

(Tax Free) Premium Bonds 4%
(Tax Free) Index Linked Certificates 3%
HL Active Savings 13%
Shares ISA 30%
Crystallised SIPP 35%
Uncrystallised SIPP 15%

Correct to about +/- 1%

Ignoring PPR as I need somewhere to live. If we include it, it is about 20% so multiply the numbers above by 0.80.

port_of_spain

Another with a lot in pensions. And nobody has much unwrapped — my 14% is the highest so far.

coyrls

Roughly:

35% House

30% Pension

20% ISA

15% Unwrapped

Notepad_Phil

Roughly:
30% house
39% pension
19% ISA
Premium Bonds/NS&I 4%
8% unwrapped

ratechaser

Oh go on then... figures are me and Mrs RC combined (what's mine is hers...)

41.5% PPR
46.5% Pension
7% ISA
5% Unwrapped 

Albermarle

37,5% PPR
39% DC pensions ( +DB seperate )
14%  ISA ( S&S + Cash + IFISA)
6% - Ns&I ( PB + index linked)
3% unwrapped ( cash )