Does this strategy make sense?
I currently have around £70k in my ISA and I’m hoping to build this up to around £200k–£250k over the next 5 years by maxing out contributions and getting some investment growth.
Hypothetically, if I had £250k in the ISA, could I move it into an investment fund paying around 8–10% annual dividends?
My thinking is that this could potentially generate £20k–£25k a year, which I could use to cover mortgage payments, while switching to reduced hours or part-time work to cover other bills.
Is this realistic, or am I missing something important around dividend yield, risk, sustainability, or ISA rules?