Portfolio Clinic 

Should I drain our pension pots one by one?

Reader Portfolio

Joanna and her husband, 54 and 72

Description

Sipps and Isas invested in funds and shares, final-salary pension, residential property, cash

Objectives

£50,000 a year in retirement, supplement pensions income, pay off mortgages, part time work/early retirement

<p>Sipps and Isas invested in funds and shares, final-salary pension, residential property, cash</p>

Joanna is age 54 and earns £90,000 a year before tax, and her husband is 72 and self-employed. Their joint income is £170,000 a year, including her husband's state pension of £9,700 and index-linked pension of £14,000 a year. They are higher-rate taxpayers. Their home is worth around £850,000 and has two mortgages on it. 

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