- They could do this by holding higher-yielding investments
- Or they could hold growth focused ones and sell chunks of them
Reader Portfolio
John and his wife
68 and 65
Description
Sipp and Isas invested in funds and shares, cash, residential property.
Objectives
Tax efficient income of £27,000 a year from investments, average annual total return of 6% plus, fund possible future care costs, leave assets to children, rationalise investments so that they require little maintenance.
Portfolio type
Investing for income
John is age 68 and his wife is 65. He earns about £20,000 a year from a consultancy role but this could stop in the near future. He also receives State Pension of about £9,000 a year and his wife will start to receive it this year.