Peter and Jane are aged 70 and 67, and have two children who are financially independent. They own their home.
Reader Portfolio
Peter and Jane
70 and 67
Description
Sipp, Isa, trading account, cash and property
Objectives
Supplement pensions income, 2% return while preserving capital value, pass on assets to children, simplify portfolio
Portfolio type
Managing pension drawdown
"Our net income for 2018 from our state and workplace pensions, and the solar panels on our roof, will be just over £32,000," says Peter. "But our outgoings will amount to £52,000, meaning we will have a deficit of £20,000. This means making a withdrawal from our savings and investments of about 1.6 per cent of the £1.25m total (excluding our home).