Graham is 68 and works part-time as a management consultant for £40,000 a year. He also receives a former employer pension and the state pension, which together pay him a further £24,000 a year. His wife has recently retired and receives a former employer pension of £22,000 a year. They keep and manage their savings and investments separately.
They have two children who have left home and are financially independent, after they gave them a substantial gift of money to help them get onto the property ladder.
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