90K Sipp to invest
Posted: March 18th, 2021, 11:12 am
A retired female, aged 67 and in good health is looking at investing 90K cash which is currently sitting in a Sipp with AJ Bell. She is not risk averse and would like a simple portfolio which is a long term buy & hold.The beneficiary for the SIpp is her niece - aged 42 yrs.
Her current financial postion is as follows-
Occupational Pension - £33k (index linked)
State pension - £7K (index linked)
Cash - £400K (£315K unsheltered & £85k in ISA)
Equities unsheltered - £55K( £50K Worldwide Healthcare Trust with interactive investor; £2K (M&G Global Fund OEIC) & about £3K in BT & Lloyds shares)
Equities sheltered - £400K ( Worldwide Healthcare Trust, Alliance Investment Trust, RIT Capital Partners, Temple Bar Investment Trust, VWRL, VAPX & VJPN) with Interactive Investoor
Outgoings - about £2K per month.
She is going to need about £100k on a major house renovation in 2022.
Look forward to all your views & comments.
Thanks,
Ifnotnow8
Her current financial postion is as follows-
Occupational Pension - £33k (index linked)
State pension - £7K (index linked)
Cash - £400K (£315K unsheltered & £85k in ISA)
Equities unsheltered - £55K( £50K Worldwide Healthcare Trust with interactive investor; £2K (M&G Global Fund OEIC) & about £3K in BT & Lloyds shares)
Equities sheltered - £400K ( Worldwide Healthcare Trust, Alliance Investment Trust, RIT Capital Partners, Temple Bar Investment Trust, VWRL, VAPX & VJPN) with Interactive Investoor
Outgoings - about £2K per month.
She is going to need about £100k on a major house renovation in 2022.
Look forward to all your views & comments.
Thanks,
Ifnotnow8