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  • FIRST POST
    • OldBlade
    • By OldBlade 9th Oct 18, 2:19 PM
    • 20Posts
    • 0Thanks
    OldBlade
    What best to do....
    • #1
    • 9th Oct 18, 2:19 PM
    What best to do.... 9th Oct 18 at 2:19 PM
    I am approaching retirement, 65 this year, but intend to defer my state pension and carry on working for bit.

    I have a couple of small pensions separately and I also have approx 80K made up of 2 SIPPs and a small pension I am contributing to.

    My wife also has a small pension but won't receive her state pension until 2022. She also has 80K in cash (savings and ISAs)

    I'm looking for suggestions for what we might do with this 160K in terms of the most productive investment.

    Many thanks for any ideas.
Page 2
    • xylophone
    • By xylophone 13th Oct 18, 12:05 PM
    • 26,883 Posts
    • 16,037 Thanks
    xylophone
    When does your wife reach State Pension Age?

    Have you looked into voluntary contributions if eligible?

    See second link in post 6 above.
    • OldBlade
    • By OldBlade 14th Oct 18, 12:01 PM
    • 20 Posts
    • 0 Thanks
    OldBlade
    She reaches retirement age in August 2022.

    My Aviva funds have lost 100 in this past year. I am invested in:
    Aviva Future Focus Drawdown 2 with:

    Aviva Pensions Diversified Assets Fund I S6 - 75%
    Aviva Pensions Deposit S6 - 24%
    Aviva Pensions Diversified Assets Fund II S6 - 1%

    The pension has a base annual charge of 0.55% with no charges on the funds.

    Currently I only have 10K in there and I want to bring the other SIPPs in (ca. 70K) just for ease of management really. I just find the lack of earnings so poor I'm scared I@m going to lose more!
    • xylophone
    • By xylophone 14th Oct 18, 1:13 PM
    • 26,883 Posts
    • 16,037 Thanks
    xylophone
    She reaches retirement age in August 2022.
    Read the link and consider voluntary contributions at the appropriate time to bring your wife up to full NSP.

    Consider the pension for your wife as outlined in previous threads.

    Had you considered part annuity part drawdown?

    Below may be worth a read.

    https://www.thisismoney.co.uk/money/investing/article-4689676/Five-funds-invest-pension-drawdown.html

    https://www.fool.co.uk/investing/2018/06/09/2-top-investment-trusts-for-retirement-income/

    https://www.telegraph.co.uk/money/f-and-c-investment-trusts/how-to-invest-for-your-retirement/

    https://www.moneywise.co.uk/pensions/income-retirement/three-model-portfolios-retirement-income


    https://www.hl.co.uk/news/articles/five-most-popular-funds-for-drawdown-in-2017

    Have you had a look at the cost comparison tool here

    https://forums.moneysavingexpert.com/showthread.php?t=5583030

    You could also consider taking advice from an IFA.
    • OldBlade
    • By OldBlade 15th Oct 18, 5:30 PM
    • 20 Posts
    • 0 Thanks
    OldBlade
    Thank you for these reviews, a useful source.

    I have previously taken advice from an IFA at the start of this 'process' but just seemed to be adding to the costs for little tangible gain.
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