Tony Hill is 61 and retired. He has a number of sources of income, including a level annuity with Standard Life that pays him £7,400 a year. He also receives dividends of about £4,500 a year from UK shares worth about £110,000 held in a trading account with Barclays, dividends worth around £8,000 a year from a portfolio worth about £165,000 held in an individual savings account (Isa), rental income of £6,600 from a mortgage-free property and interest of about £600 a year from a cash deposit of £60,000.
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