Our reader is 66 and has been investing for seven years. He holds all his funds within a self-invested personal pension (Sipp) worth £1,623,000. He hopes to generate a return of 6-7 per cent a year and to draw the natural yield from his Sipp annually as a pension. This is currently £80,000 a year.
Self invested personal pension (Sipp)
Return of 6-7 per cent a year
His returns in the past five years have been as follows: 8 per cent in 2015; 9 per cent in 2014; 17 per cent in 2013; 16 per cent in 2012; and nil in 2011.