Objective
- Reinvest my current private pension(s) into a SIPP. (See note 1 below)
- Including tax relief add £20K p.a. to SIPP (See note 2 below)
- Fund will augment my state pension (See note 3 below)
- Draw down will not exceed 4% pa. (See note 4 below)
- Partner will retire at 66-67 with retirement income slightly in excess of final salary
- Identify how to open and manage a SIPP
- Identify provider/platform
- Understand process completely - can it be done gradually?
- Amount may increase. 20K is minimum
- State pension due in 10 years
- Need minimum £300K in pension
- Current value is approx. 50%
- Large annual commitment reduces risk of low returns, increases [potential] to retire early & insures against [potential] health issues
- Highly likely not retiring at 67. Partner is 6 years younger. Probable will work to occupy myself and increase pension fund if health permits.
- UK Stocks
- Long term buy and hold
- Review each stock annually or upon negative announcements
- Reinvest dividends
- Diversification by number and sector
- Keep it simply stupid - purchase only stocks I understand the business model for (flexible if fundamentals are robust)
- Renishaw
- Associated British Foods
- Dart Group
- Sabre
- Cranswick
- Bellway
- ICG
- International Workspace Group
- Howdens
- Big Box
- Electrocomponents
- Shaftesbury
- International Public Partnerships
- IG Group
- Hays
- John Laing
- Softcat
- Dunelm
- A J Bell
- Big Yellow
- Diploma
- Assura
- Games Workshop
- Page Group
- Hastings
- FDM
- Ibstock
- One Savings
- Polypipe
- Berkeley
- Thoroughly research identified stocks. Remove unwanted
- Identify value and purchase price (see note 1.3 - time stock purchases fundamentally?)
- Prepare reasons for purchase for each stock (eg. growth, dividend, recovery, newsflow, macro-economic events, punt)
AiY