Spec Inves Prop Share Discussion Threads

[tag57] 12/9/2024 18:34

I agree Mark. Labour need money quickly and therefore I would have thought much more likely to go after tax relief on contributions (or a variation such as capped contributions) as they will get this either via tax on the benefit or as PAYE.

[marksp2011] 12/9/2024 13:25

use the UFPLS route

If you have 400k

Crystalise 40k
take 25% tax free, 75% taxed and the remaining 360k remains in the pension and unaffected.

I doubt she will do much about pensions as it will hit the Public Sector
and if she does, it will be a weaning off rather than a straight 40==>20%.

Changing the withr=drawl rules after the event is much harder than changing the saving rules.

[peterbill] 12/9/2024 13:19

Not much here on what the government may be planning regarding SIPPs.

Was planning to start drawdown at the end of this financial year, either quarterly or monthly, around £40k/annum of which £10k would be tax free.

Hearing rumours that the tax free element - the lump sum allowance (LSA) may be reduced from £268,275 to £100,000 - makes me wonder how that will work in practice. Could you continue the drawdown route of taking £40k/annum with £10k tax free, which means that in 10 years you would have used up your £100k tax free allowance? I guess that all subsequent drawdowns will be taxed at your marginal rate?

This tinkering with pensions, particularly SIPPs, makes it difficult to plan well into the future. I'm considering taking my 25% before the October budget.

[marksp2011] 17/4/2023 07:00

I am keen on the ITs at the moment because the discounts are so wide. TRY is interesting as a "fund of funds" as it is getting holdings at a 30% discount and then has another discount on its own share price. Trying to work out the ins/outs of individual reits can be done but it is time consuming so I am inclined to let the TRY team do it for me now.

I am also keen on PE....HVPE at a 50% discount looks decent value and OCI is a cracker.
I am struggling with PHLL, my capital losses aren't too bad but I still trying to work out what it is I am invested in. Is it PE, VC or a management company or is it all of them

[tag57] 16/4/2023 14:39

Similar sized SIPP with decent sized ISAs and S&S funds.
No longer adding to the overall pile but topping up SIPP and ISAs from the S&S each year. These are not as diversified but still in higher paying equity etc.
Probably a good time to be investing in small cos but sticking with my smaller oilers and miners for the moment. All have very low PE with good cash flow. Just need gas prices to improve over next 12 months.

[marksp2011] 16/4/2023 09:55

the 15% Alt income and the UK Divi payers and VHYL/TDGB/WUKD will all be reduced or cut completely when I have a bit more confidenece where we are heading

I dumped the global tracker as it was c 70% US and for US I prefer JAM/JGGI/Fsmith

No particular holding in banks,oilers or miners

This is throwing off a lot of income but I am still contributing quite heavily so I am using that to buy MTU/MTE/JMI/JUSC each month

I have a few ISAs too. Some have been around since the days of PEPs. I only trde current year and the previous year then put them into to steady eddie Funds/ITs and leave them alone. It may seem a bit anal but I have a tendency to trade too much and try and time which rarely works out well

You don't need big returns if you are holding for big years.

[marksp2011] 16/4/2023 09:13

And here is my SIPP. For context it is just below 7 figures in total so there are some chunky holding in there

14% Fundsmith Equity
14% JGGI
12% GGRP - Wisdom Tree Quality Dividend Growth ETF
15% UKW,BSIF,NESF,NYCF,GSF, BPCR, VSL, BBGI, BIPS and a few others - Gives some diversification in income streams - I am not wedded to any of them
8 % HVPE PHLL, OCI and APAX - a range of PE - APAX and PHLL churn a decent yield - OCI is probably the best of the bunch.
8 % TRY, NRR SREI 50/25/25 in favour of TRY
7 % Housebuilders and LGEN,AViva MNG
7 % vhyl/tdgb/WUKD
10% IAPD/BRLA/JSGI/JAGI/Europe - toning down the US holding
5% JAM/JFJ

[tag57] 15/4/2023 10:12

Hi Mark, finally got around to posting my SIPP breakdown!
2% Property REITS (AEWU and EPIC mainly)
5% Commodities (mainly copper focussed AAL and CAML)
2% Tobacco IMB
3% Asset Management POLR & LIO
11% Life Insurance/Pension L&G / PHNX
14% Fixed Income AV / GACA &B / ELLA and RSAB
2% Royalty DUKE
5% Energy REITs NESF & JLEN
33% O&G mainly DEC PBR and I3E but also some E& P such as AXL, SOUC (nursing heavy losses) JADE, CASP & ZPHR these generally with decent cash flow
6% Asset Backed Lending VPC, FAIR & RECI
7% Shipping mainly SBLK but some GOGL
4% PE NBPE & HVPE
6% Infrastructure ICP, GCPI and STCM
Mainly in equity, so considered high risk, but I have always had a higher risk portfolio than my Pension Advisor would recommend.
Main focus of my portfolio is to generate higher income and reinvestment.
I moved away from ITs in 2021 but will move some of my investments back towards some asset backed ITs such as BBGI at some stage.

[marksp2011] 21/2/2023 07:52

Live Ink

Yep TAG is right. For me tax is a big thing
I would keep paying in. The LTA will change and fiscal drag will force people to put more into pensions to avoid 40 and 60% tax rates (60% as the personal allowance is withdrawn) Lower real tax thresholds will also encourage people to work part time - HMG may want the unemployed and those on benefits to work what they can but I doubt they want FT employees to go on to 3 day weeks :) We will end uop like Scandanavia where no-one wants a pay rise.

[tag57] 20/2/2023 09:01

For what it is worth I will do the same Mark

[tag57] 20/2/2023 09:00

Live Ink, this is very much dependent on the person’s financial/tax situation and future requirements.
Generally I would say if he is a higher rate tax payer and has the money spare he should max out on his pension contributions up to £40k per year. He would only pay the high tax rate on amounts above his life time allowance and has a long way to go before reaching that figure.
I would definitely advise him to sort out a decent pension advisor who should be able to provide tailored personal advice for him .

[live ink] 20/2/2023 08:00

Gentlemen,

I know a chap whose SIPP is worth £500,000. He is 55 years old. Is it worth his contributing further to this SIPP? After all he will probably - even through mere inflation - find his fund up at the £1.2m level at which point distributions are more heavily taxed.

Would somebody who knows care to comment?

Live Ink

[marksp2011] 20/2/2023 07:55

Hi

I will need to refresh this :)

I have made a lot of changes to the portfolio and it is now much much stronger. Sometime today I will do the current portfolio and If I can i will post the portfolio Xray.

[tag57] 19/2/2023 11:27

My main aim is to grow my passive income by reinvesting divis for the next few years until I can start to draw on my SIPP but understand your comment about total return.

[tag57] 19/2/2023 11:24

Hi Mark, I saw your comment on the AV thread and thought I would post here rather than a DM. I recently took early retirement and managing my investments via SIPPs, ISAs and S&S accounts via HL.
I have a somewhat diversified portfolio of direct equity holdings with a significant focus on O&G with a mix of small and medium sized companies.
I saw your portfolio performance for 2022 and it certainly beats mine where I have stood still over the 12 months.
I don’t trade but recognise that I do chop and change too much, sometimes this works sometimes not but try to always remain 100% invested as fully agree with the view that it is time in the market not timing the market.

[marksp2011] 31/12/2021 09:59

I am not sure if ADVFN is the place for this but I will have a go at starting a thread

here is my 2022 SIPP Portfolio.

JGGI 12%
Fundsmith Equity A 12%
SSON 10%
Global Tracker 12%
PE 12% (HVPE/PHLL/PSH)
Japan trusts 5% (JSGI/JFJ/FJV)
Asia Trust 6% (JAGI)
European Trusts 6% (EAT/MTE)
UK REITS and Infra 10%
Individual stocks 5%
Assorted Equity Income trusts 8% (ASEI/DIG/MTU)

I am interested in what others may be doing

[hyper al] 19/1/2021 11:52

So how many people on ADVFN lost their pension in a SIPP?

Is it just me?

[hyper al] 08/11/2019 08:49

SIPP and AIM don't mix. Most of you will know that by now. Has anyone taken any legal action?

[yuka] 28/1/2019 11:25

Old thread but anybody got any recent experience of SIPP CFD providers? (especially for equities)

[starpukka] 24/7/2018 09:45

Time has moved swiftly on since this thread was created but I am now looking for a good value, low cost self select stocks and shares SIPP provider for a moderate pot of around £30k.

I thought Jarvis didn't charge an annual fee but I have since seen they only waive it in year 1.

Any suggestions please ?

Many thanks.

[topvest] 04/6/2018 20:31

OK, well done all. That's a good return. You can normally trust Shore Capital though. Have some shares in the Investment Bank.

[solarno lopez] 04/6/2018 16:12

it would appear to in the region of 21p but it will depend on warrant conversion

[topvest] 04/6/2018 16:09

How much is the payout if you don’t mind me asking?

[solarno lopez] 30/5/2018 09:35

A circular has been issued which portrays good news for holders

[someuwin] 28/2/2018 08:40

Technical difficulties

At the moment, we’re having technical issues with our online dealing service. We’re working to fix this as soon as possible, and are sorry for the inconvenience it causes.