Iām number 13 and 16 in the top pies. You can reach my others via my profile from either of those.
Forget about cashing out a pension as youāll lose something like 40% in tax if you do that.
What you can do is use It like a really big ISA from age 57. First 25% you lift is tax-free, after that itās treated as income for tax. You donāt need to lift that 25% in one go.
Iāve been lifting from my SIPP for years now. You donāt have to stop working to start withdrawals.
I see people literally cashing in their pension quite regularly and just putting it in a bank account which is crazy. Best plan is to leave it invested until you need it and lift what you need.
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Thatās quite poor for an adventurous choice. My adventurous choice is up 45% over the same time.
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Three months. Itās in shares. More funds version is up 25% in that time.
You donāt need to be. Thereās nearly thirteen thousand people who simply copy what I do, in the same way as you copy what NatWest do.
Bet Iāve got more experience than they do though 
Canāt see many having done it for over forty years, plus a bunch of pension experience along the way.
Actually, when I was looking for someone to manage my SIPP, I found that Iād way more experience than any of the potential candidates that pitched to me. And a better track record too.
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Be careful. Might need to use those gains to build wider doorframes to get that head through.
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Working on that following prompting by Junior #1.
Clearly, you havenāt read the comments on the pies.
Stay humble.
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Iām with Lightyear, I love the simplicity of the app and it has pretty much no fees. Iām 100% VWRP. Same life plan as you and roughly the same timeline. I invest what I can per month, nothing extravagant but itās building quite nicely.
VWRP means you donāt need to choose the funds or gamble on picking the upcoming themes - you simply own the whole market and the fund is weighted to the best performing companies. Fire and forget!
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The Lightyear app is much nicer to navigate than trading 212 so gonna see how it goes and make a decision later.
I think t212 having the nice debit card sways me to then 
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I switched to Lightyear as I much prefer the app.
Also hold mostly VWRP with a little CNX1
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Most of my ISA is in a Money Market fund at the moment. Iād be around 10% down if I hadnāt done this when the Iran war started. Now waiting for the (inevitable, I reckon) US tech stock correction so I can buy back at a discount.
I find this to be very risky; before the conflict my global stocks pension was at Ā£142,000 - things kicked off and in a matter of a week or so it had dropped to Ā£134,000 and I was gutted - but I left it alone. Now a month or so later it is over Ā£151,000 - trying to time these things is risky, I prefer to just leave it be - if I had moved it to cash (equivalent) then I would have missed out on the recovery.
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That would be fine usually but my ISA was solely in UK stock and those shares are still around 8% down. This time Iām just going for a global multi-asset fund. In the meantime Iām quite happy with the current returns.
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Diversification is your friend, as many countries and companies as possible.
Of course, and this ISA is just part of a larger portfolio. The UK shares were high dividend payers to supplement my income when I retired but I no longer really need that as much.
So, for want of a better phrase, Scottish Widows is sh ! te. I already donāt like them. I have T212, and theyāre alright, but Iāve also seen FreeTrade. How are they vs T212? Obviously no dealing commission which is nice, and fractional shares. For funds (like FTSE all world) are these constantly traded/dealt like T212 or is it a once-a-day thing like Scottish Widows?
I canāt speak for Freetrade but I use Lightyear for investing. Itās a sleek, clean app and none of the clutter of T212. Thereās a whole thread for Lightyear but in short, Iād recommend it and I think thereās a few on here who also use it.
I tried InvestEngine before but they are once a day, so Iād give them a miss if thatās not your thing.
Iām happy to give you a referral code to Lightyear if you decide to go down that route. I think we both get a free share.
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