£500,000 Sipp, £2mn property and £200,000 in land in addition to annuity and state pension income
Generate 10 per cent growth each year as a source of additional funds
Paul is 69 and retired. He receives around £35,000 a year from annuities, while he and his wife get a combined £20,000 a year from the state pension. The couple has land worth £200,000, and a property worth £2mn minus a £250,000 equity-release mortgage. Paul has around £500,000 in a self-invested personal pension (Sipp), while his wife has £32,000.
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