New to Investing, Seeking Advice

Nurse2047

I recommend 
https://youtube.com/@makingmoneypodcast?si=_OufAPduzmLmlFun

I have  learnt so much from his speakers and Damien talks money 

Middle_of_the_Road

Domnhallaich said:

Thanks for the feedback, I will look into the SIPP and Workplace Pension options but while I want to ensure I have a decent income in retirement, I also want to try and build a bit of wealth that can be accessed on say 15 yeara time - so I definitely want to look into a stocks and shares ISA.

Can anyone give me a steer on what I should be investing in?  I see world ETFs are suggested over S&P500 whereas some others invest in the S&P500 plus the world one or, several more localosed ETFs.  With the investing part, I want to have an element of set and forget - knowing that I have spreads my investments in such a way that there is a good chance for them to make money but, also not have to check every 5 min due to market conditions.

You would have access to your pension, if needed at age 57. This is the case for work place pensions and SIPPs

https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/when-can-i-take-money-from-my-pension

As suggested by Albermarle above, your best option might be to increase your workplace pension contributions as a first course of action.

If you can find out who run your work place pension, and how it's invested, that should give you an idea of where to direct any additional funds.

Lots of good information about choosing investments-
https://monevator.com/best-global-tracker-funds/

Albermarle

Domnhallaich said:

Thanks for the feedback, I will look into the SIPP and Workplace Pension options but while I want to ensure I have a decent income in retirement, I also want to try and build a bit of wealth that can be accessed on say 15 yeara time - so I definitely want to look into a stocks and shares ISA.

Can anyone give me a steer on what I should be investing in?  I see world ETFs are suggested over S&P500 whereas some others invest in the S&P500 plus the world one or, several more localosed ETFs.  With the investing part, I want to have an element of set and forget - knowing that I have spreads my investments in such a way that there is a good chance for them to make money but, also not have to check every 5 min due to market conditions.

In the duplicate thread, you say you think your workplace pension is a DB ( Defined Benefits) pension. In which case you probably can not add more to it and for sure you have no control over how it is invested.
Are you sure it is a DB pension? do you work in the public sector ?
Defined benefit pensions | MoneyHelper

Domnhallaich

https://forums.moneysavingexpert.com/discussion/comment/81845312#Comment_81845312

Hi, sorry for the delay - its a defined contribution workplace pension. I do not work in public sector.