Their assets should easily be able to generate £23,000 a year
They should face a pensions lifetime allowance breach
They could mitigate IHT by drawing on their Isas before their Sipp
Sipp, Isas, trading accounts and discretionary trusts invested in funds and shares, investment bond, VCT, cash, commercial and residential property.
Maintain spending power and travel more in retirement, £48,000 a year retirement income, supplement pensions income, manage pensions lifetime allowance, reduce IHT liability, invest more in ESG funds.
Mahesh is 60 and his wife is 59. He is a self-employed consultant and earns £90,000 a year and his wife is an NHS administrator. Their two children have recently started work.