Best investment options after emergency fund with no plans for property

moneysavinghero

You could try this (if you can remember your old employers)
https://www.gov.uk/find-pension-contact-details

FXE1981

Perfect. Thanks!

FXE1981

Thanks again for all the advice here. I’ve found and noted all previous private pensions from various employers over the years and increased my current contribution to very slightly over 10% of my salary.

I’ve got some speculative questions around property but I’ll post in the relevant forum section.

kidmugsy

FXE1981 said:  I’ve ... increased my current contribution to very slightly over 10% of my salary.

I suggest that rather than contributing a fixed percentage your first aim should be to contribute enough to avoid higher rate tax.  Once you've achieved that, then salary sacrifice of more is still a good idea because you will be avoiding 20% income tax and 12% employee National Insurance contributions.

Or, if you want to preserve a bit more flexibility then once you've avoided higher rate tax you could consider an LISA.

kidmugsy

You're mid-thirties.  Suppose you want to give up salaried work in your mid-sixties.  Suppose you put 10% of your gross salary into a pension for 30 years.  If it keeps up with inflation but (to be conservative with the calculations) makes no return above inflation, then you'll have a pension pot of 300% of your salary, inflation-corrected.

Now suppose you will draw that down over the next thirty years, turning up your toes in your mid-nineties.  So the annual amount you will draw is 10% of your salary, inflation-corrected. Will you be happy to live on that plus your State Pension?

eastmidsaver

i think you should consider increasing your SIPP contributions, will not impact you too much in short term but gives you more time to let it grow over the long term.