£150k for income

Pobby

Did mention a while ago about my ideas for investing for income and was pointed out it maybe wasn`t the best bet. I am only concerned with an annual income. Assuming my wife and I have filled our s and s isas I am wondering the best route.

Have allowed for a cash float to fall back on. Current joint income is £24k a year in pensions. At 66 I have a lowish risk to investing.

Drp8713

http://monevator.com/investment-trusts-for-deaccumulating-income-investors/

Have a look at this, may be a good starting point.

joerugby

We have the following equity income investments. Together they provide about 4% annual income and have tended to grow with the market:

Newton Global Higher Income
Invesco Perpetual High Income
Invesco Perpetual Income
Artemis Income Fund
Schroder Global Equity Income
Ignis Argonaut European A Income
JO Hambro UK Equity Inc B Inc
Threadneedle UK Equity Inc Alpha Ret Inc
Newton Asian Income
Marlborough Multicap Inc A Inc
Schroder Global Equity Income
Aberdeen World Growth & Inc Inc
Threadneedle UK Equity Inc Ret Inc
Fidelity Enhanced Inc Inc
Newton Emerging Inc
Troy Trojan Income I Inc
JP Morgan Global Equity Inc A Inc

DiggerUK

Pobby wrote: »

......joint income is £24k a year in pensions. At 66........

As you have a rainy day fund, and I am assuming that you are debt free, why the hell do you need to get an income from 150K.
Point of saving is to spend it at some point..._

Pobby

DiggerUK wrote: »

As you have a rainy day fund, and I am assuming that you are debt free, why the hell do you need to get an income from 150K.
Point of saving is to spend it at some point..._

Well, silly to spend it if I don`t want to. I am thinking that I might do a few holidays from the income and also I want to give some of that income away . Just nice to keep the capital to help out when we have gone.

bigfreddiel

Pobby wrote: »

Did mention a while ago about my ideas for investing for income and was pointed out it maybe wasn`t the best bet. I am only concerned with an annual income. Assuming my wife and I have filled our s and s isas I am wondering the best route.

Have allowed for a cash float to fall back on. Current joint income is £24k a year in pensions. At 66 I have a lowish risk to investing.

Is that £24k before or after tax?

Anyway with £150k invested in bonds and equities you should be able to take 4% as income I.e £6k

Cheers fj

bigfreddiel

joerugby wrote: »

We have the following equity income investments. Together they provide about 4% annual income and have tended to grow with the market:

Newton Global Higher Income
Invesco Perpetual High Income
Invesco Perpetual Income
Artemis Income Fund
Schroder Global Equity Income
Ignis Argonaut European A Income
JO Hambro UK Equity Inc B Inc
Threadneedle UK Equity Inc Alpha Ret Intc
Newton Asian Income
Marlborough Multicap Inc A Inc
Schroder Global Equity Income
Aberdeen World Growth & Inc Inc
Threadneedle UK Equity Inc Ret Inc
Fidelity Enhanced Inc Inc
Newton Emerging Inc
Troy Trojan Income I Inc
JP Morgan Global Equity Inc A Inc

That looks like a very expensive global tracker fund to me.

Save yourself a bundle on ongoing charges and buy a global etf

Cheers fj