![\"Businessman](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/06\/Growth-And-Income-1200x675.jpg\")
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Image source: Getty Images<\/p>\n
If you want to replace a \u00a32,225 monthly salary from a SIPP, it requires a serious chunk of change.<\/p>\n
That figure equates to a \u00a326,700 annual income stream, which, based on the widely used 4% withdrawal rule, would require a pension pot of roughly \u00a3667,500.<\/p>\n
Should you buy Legal & General Group Plc shares today?\t<\/p>\n
Before you decide, please take a moment to review this report first. Despite ongoing uncertainties from US tariffs to global conflicts, Mark Rogers and his team believe many UK shares still trade at substantial discounts, offering savvy investors plenty of potential opportunities to learn about.<\/p>\n
That\u2019s why this could be an ideal time to secure this valuable research \u2013 Mark\u2019s analysts have scoured the markets to reveal 5 of his favourite long-term \u2018Buys\u2019. Please, don\u2019t make any big decisions before seeing them.<\/p>\n
Here\u2019s how the maths breaks down:<\/p>\n
Target monthly income: \u00a32,225<\/p>\n
Equivalent annual income: \u00a326,700<\/p>\n
Withdrawal rate: 4%<\/p>\n
SIPP pot required: \u00a3667,500<\/p>\n
At first glance, that can feel like a daunting target. But it\u2019s not just about the size of the portfolio, but also what kind of investing behaviour could help you achieve your goals.<\/p>\n
Slow and steady wins the race?<\/p>\n
Building such a sizeable SIPP isn\u2019t going to happen in a day. It\u2019s built through years of regular contributions, reinvested dividends, and the quiet power of compounding over decades.<\/p>\n
The biggest driver of the final outcome usually isn\u2019t short-term gains. I think the key to a long-term passive income is consistency and discipline when it comes to investing.<\/p>\n
So, which types of stocks could investors consider as part of this long-term approach for the future?<\/p>\n
A steady dividend payer?<\/p>\n
One example I think fits the brief well is Legal & General (LSE: LGEN<\/a>). As I write on Friday afternoon (19 June), the shares offer a dividend yield<\/a> of 7.7%.<\/p>\n That\u2019s one of the most generous in the FTSE 100 but it\u2019s not just the headline number that could appeal to investors looking to build a passive income.<\/p>\n The business has built a reputation as one of the most consistent dividend payers in the Footsie, supported by a capital-light, cash-generative model. In fact, it has managed to maintain or increase its dividend dating back to the 2008 global financial crisis (GFC).<\/p>\n In March this year, management announced a 2% dividend increase alongside a \u00a31.2bn share buyback. That was the largest in the company\u2019s history and signals real confidence from management in its cash generation abilities.<\/p>\n We are on track to achieve the financial targets set out in our strategy; our priority now is to accelerate this momentum, maintaining discipline and delivering enhanced shareholder returns.<\/p>\n Ant\u00f3nio Sim\u00f5es, Chief Executive, Legal & General \u2013 2025 Full-Year Results<\/p>\n The risks worth remembering<\/p>\n There\u2019s an important catch, though. Dividends are never guaranteed. They\u2019re paid entirely at the company\u2019s discretion and can be cut at any time, particularly if earnings or solvency come under pressure in a downturn.<\/p>\n That\u2019s exactly why diversification matters so much. Leaning on a single stock for passive income creates concentration risk with all of those investment eggs tied up in one basket.<\/p>\n A spread of investments across different sectors can create a more resilient SIPP income and help to ride the ups and downs of the market over time.<\/p>\n Identifying a stock with a high yield is just a starting point. I want to ensure I\u2019m continuing to add high quality names with long-term potential to my own portfolio.<\/p>\n My verdict<\/p>\n A \u00a3667,500 SIPP is a serious target, but a realistic one for those who start early and invest consistently. A stock like Legal & General can play a part, but in my view the real driver is consistency, discipline, and diversification over time.<\/p>\n Should you invest \u00a35,000 in Legal & General Group Plc right now?<\/p>\n When investing expert Mark Rogers and his team have a stock tip, it can pay to listen. After all, the flagship Twelfth Magpie Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets.<\/p>\n And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Legal & General Group Plc made the list?<\/p>\n Ken Hall does not hold any positions in the companies mentioned.<\/p>\n","protected":false},"excerpt":{"rendered":"Image source: Getty Images If you want to replace a \u00a32,225 monthly salary from a SIPP, it requires…\n","protected":false},"author":2,"featured_media":487867,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245],"class_list":["post-487866","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/487866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=487866"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/487866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/487867"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=487866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=487866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=487866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}