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Reconsider ditching your final-salary pension

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Jeremy and his wife, 64 and 62

Description

Isas and Sipps invested in funds, cash, residential property

Objectives

Annual income of £40,000 a year, money for extra purchases, new or second home, fund possible care costs in later life

<p>Isas and Sipps invested in funds, cash, residential property</p>

Jeremy and his wife are ages 64 and 62, and have two financially independent children. Jeremy ran his own business for the past 15 years but in more recent years it produced little income so in November he closed it. As a result, over the past few years he and his wife have been drawing income from their individual savings accounts (Isas), as well as receiving dividends from the business. Their home is worth £440,000 and mortgage-free.

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