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Investment or otherwise for 66 yr old

smallzoo2
Posts: 360 Forumite

I know there is no simple answer to this question but just need some ideas/advice
Im 66 on a state pension. I also work 4 or 5 days a week earning approx £35k gross. I also have a small personal pension of £100k due to pay out its annual annuity when I am 70. We have no mortgage but £1500+ bills per month which will reduce to about £600 mid next year.
I know we are a long way off from the many mid income and wealthy people out there but we are comfortable
Are there are shares ( or other investments ) at all that I could consider putting a few hundred a month into that would benefit me in the next 10 years or are they all long term
Im 66 on a state pension. I also work 4 or 5 days a week earning approx £35k gross. I also have a small personal pension of £100k due to pay out its annual annuity when I am 70. We have no mortgage but £1500+ bills per month which will reduce to about £600 mid next year.
I know we are a long way off from the many mid income and wealthy people out there but we are comfortable
Are there are shares ( or other investments ) at all that I could consider putting a few hundred a month into that would benefit me in the next 10 years or are they all long term
0
Comments
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I'd suggest you talk to an IFA to get yourself sorted with a low risk assortment of funds. I used to have (many decades back and far away) a fund I paid into that an adviser (more likely a computer) would distribute into various pots to distribute the risk. I'd say at your age* you don't want it all in something too zingy on the off chance it will all go pop.
If your salary plus SP is getting you too close to a higher tax level maybe the funds should be in a SIPP? The IFA will know best.
(*this isn't me having a dig at you as likely I'm older!)I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Check your state pension on: Check your State Pension forecast - GOV.UK
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