After a lifetime of saving, it is understandable when retirees want to wind down in style. John King, 72, from Kent, loves to travel. He plans to take his wife, Susan, their two daughters and spouses, and his four grandchildren on a £30,000 holiday of a lifetime to America.

Mr King and his wife went abroad regularly pre-pandemic and now want to make up for lost time. The pair have saved up a £90,000 cash pot and Premium Bonds worth £86,000.

He receives £42,000 a year from a “defined benefit” pension, which more than covers the couple’s normal spending, so he hopes to use any income from his £204,000 Isa to fund a jet-set lifestyle.

“I have retired and I am looking at maximising my investment to provide me with holidays,” he said.

The avid Tottenham Hotspur supporter said he planned to leave the house and remaining investments to his children, but would spend the income it generated in the meantime.

Mr King has more than £80,000 in shares, including £30,000 in telecoms giant BT, after a long career there, as well as £15,000 in Lloyds, the bank, and £2,000 in finance firm Legal and General. 

As for funds, his largest positions include £2,200 in Royal London UK Equity Income, £7,000 in Franklin Templeton Small and Mid Cap funds and £2,000 in a Fidelity Global Dividend fund.

He wants to know if his money has been put to best use or if he could improve his investment strategy.