Are you all using SIPPs now?

[d000hg]

I set up a standard pension when I started contracting but have rarely put much into it. These days I have more cash floating around in the Ltd and am wondering whether to use that, or go the SIPP route. I have a now fairly substantial Stocks & Shares ISA and I was considering whether to basically use a SIPP as an extension of my shares portfolio with either the same or a slightly different strategy.

I got the feeling a lot of people have gone the SIPP route these days so just wondered how you handle it.

TIA.

[tazdevil]

I'm not up to gambling my own money so have invested in robo pensions such as Nutmeg and Moneyfarm. Given the current state of taxation I'll be ploughing maximum amounts into these over the next few years

[GJABS]

I have a SIPP because it gives complete flexibility over how its contents is invested (or not). You buy shares in companies you like (or not).

[d000hg]

I have a SIPP because it gives complete flexibility over how its contents is invested (or not). You buy shares in companies you like (or not).

Do you also have a S&S ISA? If so do you simply view the pension as an extension of the ISA (just 2 ways to efficiently own shares) or employ different strategies?

[BlueSharp]

I do, currently plowing as much free cash into it as possible, im buying several ETF trackers (World/FTSE/Emerging). When the schools fees are paid I will hopefully double that amount.

I have found them much easier to make Employers contributions into and all the substantial tax benefit that brings.

[GJABS]

Do you also have a S&S ISA? If so do you simply view the pension as an extension of the ISA (just 2 ways to efficiently own shares) or employ different strategies?

Yes I also have a stocks and shares ISA.
They perform different functions, The SIPP holds cash and investments funded gross from your employer before tax. And, apart from 25% of it, you get taxed on it as income when you choose to receive it into your personal bank account.
Conversely the ISA hols cash and investments after you have been taxed on them, but the gains and income are tax free.

[d000hg]

Yes I also have a stocks and shares ISA.
They perform different functions, The SIPP holds cash and investments funded gross from your employer before tax. And, apart from 25% of it, you get taxed on it as income when you choose to receive it into your personal bank account.
Conversely the ISA hols cash and investments after you have been taxed on them, but the gains and income are tax free.

Yes I know the tax setup but I was curious once the funds are in your SIPP/ISA do you use different investment strategies for the two? I was considering that I might effectively mirror them if I went with a SIPP so e.g if the ISA owns 23% of X, 34% of Y and 43% of Z, so does the SIPP - as I buy or sell in the ISA I mirror the same % holdings in the SIPP so I view it as one portfolio split across two different containers.

[PCTNN]

Yes I know the tax setup but I was curious once the funds are in your SIPP/ISA do you use different investment strategies for the two? I was considering that I might effectively mirror them if I went with a SIPP so e.g if the ISA owns 23% of X, 34% of Y and 43% of Z, so does the SIPP - as I buy or sell in the ISA I mirror the same % holdings in the SIPP so I view it as one portfolio split across two different containers.

I have a SIPP and a Stocks & Shares ISA with different investment strategies for the 2.

Risk wise, now I can afford to be more aggressive with my SIPP strategy because I won't be touching that money for at least 20 years. In 10 years I will see where I'm at and will change my investment strategy accordingly (probably to something less risky).

[PerfectStorm]

With the end of FY today, is there anything one can do to get money into a pension of some sort?

I have an old permit pension that takes incoming payments by Faster Payment, can my company pay into that or do you need to do something else? Or if you're not looking to max out the 40k for the year does it matter if its done this week or next?

[SueEllen]

With the end of FY today, is there anything one can do to get money into a pension of some sort?

I have an old permit pension that takes incoming payments by Faster Payment, can my company pay into that or do you need to do something else? Or if you're not looking to max out the 40k for the year does it matter if its done this week or next?

Your company can pay into it.

Just make sure you mark it as an employer contribution.