How to review Investment Portfolio (SIPP & SS ISA)

Secret2ndAccount

It appears, in your case, that the solution to the excess 10k per year, that you can't fit into your pension would be to spend it!
Consider work optional from this point forward.
As part of a diversified portfolio (which you have), one rental property is not a problem. Maybe you do want to get rid of it at some point, but there's no rush.

NedS

Kim1965 said:

NedS
Think that 6%return? Is that purely off dividends without selling assets? 

Yes, I am currently achieving a 6% yield from my income portfolio - current 6.03% forward yield (6.61% off book costs). Last 3 years have been fairly consistent at ~12% total return, ~6% dividends and ~6% growth (2022 YTD I'm 11.65% up and I still have Q4 dividends to come at ~1.5%). There is more than one way to skin a cat.

Secret2ndAccount

NedS said:

Yes, I am currently achieving a 6% yield from my income portfolio - current 6.03% forward yield (6.61% off book costs). Last 3 years have been fairly consistent at ~12% total return, ~6% dividends and ~6% growth (2022 YTD I'm 11.65% up and I still have Q4 dividends to come at ~1.5%). There is more than one way to skin a cat.

Okay, now we all want to see the portfolio.

NedS

Secret2ndAccount said:

NedS said:

Yes, I am currently achieving a 6% yield from my income portfolio - current 6.03% forward yield (6.61% off book costs). Last 3 years have been fairly consistent at ~12% total return, ~6% dividends and ~6% growth (2022 YTD I'm 11.65% up and I still have Q4 dividends to come at ~1.5%). There is more than one way to skin a cat.

Okay, now we all want to see the portfolio.

Current portfolio as below, but don't copy me!

BATS 8.35%

CTY 27.33%

DLG 1.73%

HFEL 11.37%

BSIF 4.56%

FSFL 3.52%

GRID 0.16%

GSF 4.84%

JLEN 4.81%

NESF 3.90%

UKW 4.99%

CSH 9.65%

THRL 5.17%

RECI 2.76%

TFIF 4.06%

Cash 2.81%

Forward yield 6.03%; Trailing yield 5.9%.

Currently 15 holdings, and I have as many again on my watch list to add. Approximately 50% equity income, 25% renewables, 15% property, 10% credit. I'm not retired yet, so all dividend income is currently being reinvested.

Albermarle

Secret2ndAccount said:

It appears, in your case, that the solution to the excess 10k per year, that you can't fit into your pension would be to spend it!
Consider work optional from this point forward.
As part of a diversified portfolio (which you have), one rental property is not a problem. Maybe you do want to get rid of it at some point, but there's no rush.

Pretty much what I said earlier. The OP has more than enough to easily retire today with a big safety buffer.

[Deleted User]

Thank you everyone....youve given me peace of mind.  I intend working for at least another 18 months as I want to majorly refurb/extend Dad's/my bungalow in conjunction with a subsidence claim....and 18/24 months salary would more than cover my share without dipping into savings.

(Im realising im going to need help learning to de-accumulate, lol)

(I will post a separate new Question re AA because I remain confused)

Thanks

Albermarle

(Im realising im going to need help learning to de-accumulate, lol)

There are threads on here from time to time about people struggling with just that issue, so join the club !

In fact we have a resident IFA and I remember him once saying the main problem he has with many clients, is persuading them they have more than enough money and to go out and spend some of it.

Also if you are facing inheritance tax issues, you can think that every Pound you spend will only cost your heirs 60p !