sipp

need advice on what to put in my sipp 

Comments

  • eastcorkram
    eastcorkram Forumite Posts: 569
    Ninth Anniversary 500 Posts Name Dropper
    Forumite
    patsy43 said:
    need advice on what to put in my sipp 
    Might require a bit more info !
  • Marcon
    Marcon Forumite Posts: 8,787
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    Forumite
    patsy43 said:
    need advice on what to put in my sipp 
    Sounds like a financial adviser is your best starting point if you want to hold assets other than just cash, always assuming your SIPP allows such holdings.
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • tacpot12
    tacpot12 Forumite Posts: 7,518
    Seventh Anniversary 1,000 Posts Name Dropper
    Forumite
    El_Torro took the words right out of my mouth! Seriously though, you need to tell us a bit about you; your age, your source(s) of income, your attitude to risk, how you intend to use your investments when you retire (will you buy an annuity or will you be happy to leave them invested and producing either income or growth?), and whether you have any knowledge of investing.
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • Marcon
    Marcon Forumite Posts: 8,787
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    Forumite
    tacpot12 said:
    El_Torro took the words right out of my mouth! Seriously though, you need to tell us a bit about you; your age, your source(s) of income, your attitude to risk, how you intend to use your investments when you retire (will you buy an annuity or will you be happy to leave them invested and producing either income or growth?), and whether you have any knowledge of investing.
    This is someone who is already drawing her state pension and has a habit of posting brief uninformative posts asking for help but rarely returning to give more information eg: https://forums.moneysavingexpert.com/discussion/6443282/fe-fundinfo-risk-score#latest

    Unlikely answers here will be of any use, given the lack of information on which to answer!
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Forumite Posts: 11,513
    10,000 Posts Third Anniversary Name Dropper
    Forumite
    El_Torro said:
    If you have a SIPP and you're planning to put something in it then I would suggest money.
    But avoid Monopoly money, a lot of providers take a dim view of anyone trying to play that game 😉
  • dunstonh
    dunstonh Forumite Posts: 114,278
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Forumite
    patsy43 said:
    need advice on what to put in my sipp 
    Sipps have around 30,000 different investment options, and a near-infinite combination is possible.   With the level of information you have given, you may as well pick a number between 1 and 30,000.  We need more details.


    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Bravepants
    Bravepants Forumite Posts: 1,466
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Forumite
    It depends on several things:

    1. Your timeframe for when you will draw upon the money.
    2. Your attitude to risk, which includes your ability to access other more secure, lower risk, income.
    3. How much return do you think you need from the investments...this is very much related to point 2.


    If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.
  • sevenhills
    sevenhills Forumite Posts: 5,371
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    patsy43 said:
    need advice on what to put in my sipp 


    How old are you? The tax relief benefits of saving into a pension scheme stop at age 75.

Meet your Ambassadors

Categories

  • All Categories
  • 338.8K Banking & Borrowing
  • 248.6K Reduce Debt & Boost Income
  • 447.6K Spending & Discounts
  • 230.7K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 171.1K Life & Family
  • 244K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards