Charles is 56 and earns £75,000 a year. His home is worth about £600,000 and has a mortgage of about £60,000, which he hopes to pay off by the time he retires.
Sipp and Isa invested in funds, cash, residential property.
Retire at age 60, income of £40,000 a year in retirement, limit tax liability, diversify and reduce risk of investments
"I plan to retire at 60 and then travel for a few years in comfort,” says Charles. “So I would like an income in retirement of about £40,000 a year.