[mehrkat]

The truth is even within the point limit I probably wouldn't allow a character to buy an IQ higher than maybe 15 and magery higher than 3.

That makes base spell 18 with a hard spell 1 point gives you 16 in the spell and a very hard skill is 15 for 1 point.

Also remember Fatigue cost.

I also would probably not allow you to buy IQ without Will or Perception. This turns IQ into a cheese attribute. I could probably be convinced to allow you to lower one or the other as long as it counted towards your disad limit.

then I would suggest the character take skills appropriate for someone who grew up went through an apprenticeship and began his career as an adventurer. that should probably eat another 10 to 15 points for non-magic skills.