Ramesh is age 61 and has recently retired, but is not yet drawing his pension. He is using cash from savings to cover utilities and regular bills, and his wife’s salary of £12,000 a year from a part-time job covers the rest. Their adult children are financially independent, and their home is worth £750,000 and mortgage-free.
Be careful investing in higher-yielding shares
Reader Portfolio
Ramesh and his wife, 61
Description
Sipp invested in funds, Isas invested in funds and shares, employers shares, cash, residential property
Objectives
Supplement retirement income with £25,000 a year, £150,000 to help children buy homes
