Throw everything at my SIPP, or is there a better option?

Rogue828

Thank you everybody.

While it's clear that there's no definitive answer there doesn't appear to be anything radical that's completely new to me.
The next step definitely appears to be to have a chat with a financial advisor and go through the options in more detail with specifics.

Thank you all again

Dazed_and_C0nfused

Rogue828 said:

Thank you everybody.

While it's clear that there's no definitive answer there doesn't appear to be anything radical that's completely new to me.
The next step definitely appears to be to have a chat with a financial advisor and go through the options in more detail with specifics.

Thank you all again

Not a wise move.

Finding an Independent Financial Advisor is the way to go.

Albermarle

Guessing the future is an impossible task, and I hate the pension calculators that start by asking "how much do you want per year in your retirement?"
There's no way of knowing what would be a reasonable retirement sum in 5 years, let alone 20 years

Most of these retirement calculators work in todays money, which means they take an estimate of future  inflation into account.

So for example if you say I think I need £20K pa , they use estimates of annual inflation and investment growth to calculate how much you need to add to your pension to achieve your goal. Of course these estimates can be wrong, although they tend to be on the pessimistic side ( although the current high inflation may make them nor realistic) 

What you should not do is say I would need £20K pa today, so in 20 years time I will probably need £40K as the calculations are already taking account of inflation ( or trying to ) .