How I Manage My Money: Stamp collector, 86, tops up £18,000 a year pension with savings

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How I Manage My Money: Stamp collector, 86, tops up £18,000 a year pension with savings
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Ian says he lives comfortably and is happy with what he has. He says people like him should be taxed and subsidise people who are less well off

How I Manage My Money

This week we speak to Ian Lyster, 86, who lives in Ormskirk, Lancashire. Ian has two daughters with his late wife Gillian, and a son from his first marriage. He also has two grandchildren. Living on £18,780 a year, Ian enjoys life to the full and thinks reports often exaggerate how much money is needed to live a comfortable retirement.

In 1956 I started working as a trainee at a book printing company, earning £7 a week. This was the start of a lifelong career in the printing industry. Working in the sector in the 1970s, I was earning £6,000 a year and had a company car.

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