Shares v savings

Devonsteve

Brilliant, thanks everyone for the advice.  Lots of good info, understand a lot of it but not all of it lol.  I'll tread carefully until I learn a lot more about it and definately not make any pension changes without further advice.  Like a lot of people, I worry about not having enough to retire on, especially with pension raids in the offing. Thank again all. 👍

Albermarle

Devonsteve said:

Brilliant, thanks everyone for the advice.  Lots of good info, understand a lot of it but not all of it lol.  I'll tread carefully until I learn a lot more about it and definately not make any pension changes without further advice.  Like a lot of people, I worry about not having enough to retire on, especially with pension raids in the offing. Thank again all. 👍

There are some changes in inheritance tax treatment of some pensions in the offing, but that would not affect your retirement as you would be dead. 
Could you supply a link about these pension raids, as I was not aware of any ?

TWalles

Devonsteve said:

Hi all, new here so go easy. Im 57 with moderate savings and just started investing some of it into shares. I have some savings in a fair interest rate savings account and keep this below the £1000 interest mark to save the tax. Ive got various shares now across the board with a 10 year plan to increase wealth for retirement. from what i can see, dividends dont pay much, certainly not to live off so although my money will be increasing due to share price growth, it will be just sat there? Im hoping to retire in 10 years so would i then sell my shares and then put that in savings? I would have to pay tax on it then though? Need a few pointers to improve my plan. Cheers all.

You're absolutely on the right track—your current plan shows the right mindset: long-term, diversified, and measured. As you think ahead to retirement, it’s worth planning not just for growth, but also for how you’ll draw down your investments in a way that supports your income needs without exposing you to unnecessary risk or tax.

Selling your shares when you retire is totally normal. But rather than cashing everything out and putting it into savings (which would likely erode over time due to inflation), it may be more effective to gradually transition your portfolio. For example, as you approach retirement, consider shifting some of your holdings into lower-risk, income-generating assets like bonds or dividend-focused ETFs. These can help provide a more stable and predictable stream of income while preserving some growth potential.