Portfolio Clinic 

Is there enough time for my pension to hit target?

Reader Portfolio

Peter and his wife, 60 and 50

Description

Sipp invested in funds, direct shareholdings and cash, employee share scheme, residential property

Objectives

Build up a Sipp worth £500,000 in the next seven years

<p>Sipp invested in funds, direct shareholdings and cash, employee share scheme, residential property</p>

Peter is age 60 and hopes to continue working as an independent consultant for seven years. He and his wife, who is 50 years old, are the only shareholders in his consultancy business and receive dividends of £60,000 a year. He also pays himself a salary of £8,400 and receives a final-salary pension from a former employer of £12,000 a year.

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