- Our reader wants to draw a tax-efficient income
- Invest some of his large cash allocation
- Consolidate around three-quarters of his investments
Reader Portfolio
Raj
64
Description
Pensions and Isa invested in funds and direct equity holdings, cash, residential property
Objectives
Retire in the next year, draw income tax-efficiently, grow investments with moderate risk, reduce cash allocation, reduce number of investments
Portfolio type
Managing pension drawdown
Raj is 64, earns more than £110,000 a year and receives a defined benefit (DB) pension of around £6,000 a year. He lives with his partner who is financially independent of him. His children have left home and are also financially independent. His home is worth about £700,000 and is mortgage-free.