Carry on investments S&S Isa or start Sipp

[gregs1959]

Hello

Below is a list of our (wife) current investments. We don’t have any pensions apart from a small one I took years ago £145.00 month. I am 59 and wife 51. Semi retired with reasonable income.
Moved out of cash isas last year in to S&S.

Here’s what we have :-

Fundsmith 48.85%
Linsdell Train Global Equity Fund D. 18.4%
Standard Life Uk Smaller Companies. 14.52%
Baring Europe Select. 9.43%
JP Morgan Global Emerging Markets. 6.04%
Scottish Mortgage Investment Trust. 2.76%

Currently invest £500 month in Fundsmith and £500 in Linsdell.

Looking to start investing another £1000 month.

Question is where do I put it ?? Do I carry on with S&S and if so where to invest.
Or do I start a sipp ? Not sure if too late, if I do what would be the advantages.

We are both 40% tax payers if that’s any help.

Cheers for any suggestions
Mark

[xeny]

gregs1959 said:

Question is where do I put it ?? Do I carry on with S&S and if so where to invest.
Or do I start a sipp ? Not sure if too late, if I do what would be the advantages.

We are both 40% tax payers if that’s any help.

Where do you stand with recycling legislation making pension contributions if you're already drawing one? If you're 40% tax payers and don't need the money in the near future, I'd have thought the tax benefits of a SIPP would be very attractive if you don't anticipate being 40% taxpayers in retirement, almost regardless of investment return.

Can you do anything else to tax shelter the assets that make you 40% tax payers while semi-retired, and do you anticipate them continuing when you completely retired? (don't want to pry but that looks like a potential quick win, which is why I think pensions would be attractive.)

What kind of period do you anticipate before you move to taking money out rather than investing?

[gregs1959]

Where do you stand with recycling legislation making pension contributions if you're already drawing one? If you're 40% tax payers and don't need the money in the near future, I'd have thought the tax benefits of a SIPP would be very attractive if you don't anticipate being 40% taxpayers in retirement, almost regardless of investment return.

Can you do anything else to tax shelter the assets that make you 40% tax payers while semi-retired, and do you anticipate them continuing when you completely retired? (don't want to pry but that looks like a potential quick win, which is why I think pensions would be attractive.)

What kind of period do you anticipate before you move to taking money out rather than investing?

Hi Xney

Where do I stand recycling legislation ? Honestly not got a clue.
Will I be a 40% tax payer in retirement? I think so.
As to tax shelter the assets ? Never asked and no one has ever suggested a way.
Period before taking money out ? Can’t see me needing it unless the propert market crashes and they abolish the Housing Benefit System. Certainly not in the next 10 years.

Thanks
Mark