SIPP Deposit Accounts OR SIPP Gilts

DingDongDan

I have a pension pot (100k-ish atm) that -I believe- I wish to place inside a SIPP wrapper, although stocks, shares and the like are off the table as I don’t wish to depend on the swings of markets.

SIPP Deposit Accounts OR SIPP Gilts is my question, together with what offerings and where are currently out there, and what the pros and cons (and costs?) may be between SIPP Deposit Accounts OR SIPP Gilts.

Also, is there any other option beyond SIPP Deposit Accounts and/or SIPP Gilts that isn’t stocks, shares, etc?

QrizB

How old are you?

Holding your SIPP in cash or cash-like investments might make sense if you're in your 70s, but much younger than that and IMO you'll be on the path to a much poorer retirement.

Lowtrawler

DingDongDan said:

I have a pension pot (100k-ish atm) that -I believe- I wish to place inside a SIPP wrapper, although stocks, shares and the like are off the table as I don’t wish to depend on the swings of markets.

SIPP Deposit Accounts OR SIPP Gilts is my question, together with what offerings and where are currently out there, and what the pros and cons (and costs?) may be between SIPP Deposit Accounts OR SIPP Gilts.

Also, is there any other option beyond SIPP Deposit Accounts and/or SIPP Gilts that isn’t stocks, shares, etc?

Your comments on the long-term bond yields thread suggest you need to improve your understanding of gilts before taking that plunge.

As QrizB says, a lot will depend on your age but also on your retirement strategy. If you are at or close to retirement, the simplest and safest option is an annuity - particularly if you are a novice investor. If you have many years to retirement, gilts and deposit accounts are unlikely to be your best option.

Where is your current pension pot invested? I assume it is already inside a pension wrapper as it is unlikely you could deposit £100k into a SIPP if it is not. Why do you feel a SIPP is the better option compared to your current pension wrapper?

SVaz

It’s an impossible question to answer without knowing your age and your plans for the cash.
Is it your whole sum of retirement funds or do you have other pension pots / a nice DB income to look forward to?
I’m assuming you don’t have a massive cash ISA hanging around either? 

Is the pot going to provide an income ? When?