IMO: no. See my recent thread: Which assets where
It would be better to keep bonds and yielding assets in tax wrapper to avoid taxable income and reduce growth (you pay on exit) and instead take tax free capital gains outside the wrapper.
I’d treat as a single portfolio, but optimize the placement of each asset within pillar 2, 3a or GIA.
e.g. if you aim for 70/25/5 equity/bonds/cash
then maybe put cash/bonds in pillar 2/3a and then equities in GIA.
it would be a PITA to mirror the exact allocation across all 3 buckets as each change would have to impact each one.
What I’m doing:
- reduce required expenses by hedging housing costs (buy a house to live in)
- have income generating assets to reduce amount you need to sell: e.g. real estate, dividend stocks