Gordon,
Did you actually look at what you wrote,
Your talking about a chap who is 43 and starting to take out a pension, how in the name of god, can he build up enough in his pension to fund a property vehicle on which to satisfy an income within 22 years, bearing in mind, the last few years of his investment will go into a very low risk fund, which probably realistically gives the investment growth 15 years.
Your talking about a self administered pension, you need to have built up a sizable pot to do this.
Your figures have been massaged completely, and totally biased with tunnell vision, towards taking out this pension,
I dont profess to be an expert in this field, I pay someone for advice, this same pension, agent, also has diverted into property as he admits a lot of people will be sorely disappointed on the maturity of their pension, unless they have the ability to pay substantial funds into it.
So, I understand enough, to advise a 43 year old to give it a wide berth.