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Case Studies

Client Case Study - Investment

Background

  • Married man aged 58
  • Semi-Retired
  • Home £450K
  • Investments £200K
  • ISA £150K

Challenge

  • Investments had been taken out over many years without a coherent strategy in place
  • Investments had been originally set up for growth
  • Now wanted additional income and needed to change emphasis of investment strategy
  • Some poorly performing funds
  • No idea of overall risk profile of portfolio

What We Did

  • Re-assessed investment risk profile and determined overall income level required from portfolio
  • Restructured the ISA holdings to improve performance and increase income
  • Analysed and evaluated existing investments and advised on an alternative strategy
  • Scheduled regular review meetings and ongoing analysis of investment funds so that the portfolio could be monitored and updated in light of changing investment circumstances

The Results

  • Increased income in a tax efficient manner
  • The new investment strategy improved performance AND reduced risk/volatility as well as saving tax
  • Peace of mind that investments were being proactively reviewed and no longer being left to chance

Client Case Study - Retirement Planning

Background

  • Married couple seeking business exit in 8 years
  • Business owners
  • Home £500K
  • Business £800K
  • Cash £80K
  • Investments £100K
  • Pensions £350K

Challenge

  • Clients wanted to exit business in 8 years time in the most tax efficient manner
  • Needed a joint retirement income of £50k (from all sources)
  • They were concerned that they might not have enough money to fulfil their objectives, once they were retired

What We Did

  • Produced a detailed financial planning report that clearly showed what they needed to do to make sure they would never run out of money
  • Worked closely with their accountant and solicitor to ensure that the business was structured in the most optimum and tax efficient manner ready for retirement
  • Created an investment strategy within an appropriate risk profile that would help maximise their income requirements
  • Restructured their existing pensions which reduced overall charges while increasing flexibility
  • Kept the financial plan and investments under regular review to take into account changing circumstances

The Results

  • Clients were actually able to retire after 5 years, ahead of schedule
  • They achieved their required retirement income
  • They had peace of mind that they had sufficient assets and income to provide them with the lifestyle they wanted in retirement

Client Case Study - Inheritance Tax Planning

Background

  • Widowed client with two grown up children
  • Home £750K
  • Investments £700K
  • Cash £300K

Challenge

Estate Planning

  • Will out of date
  • IHT liability of £440,000
  • Needed a highly secure level of income to cover potential long term care needs

Confusion

  • Client not used to dealing with investments
  • This resulted in poor investment performance over time and payment of too much tax
  • Did not understand investment and estate planning issues

What We Did

  • Liaised with a local solicitor to amend the will in line with client’s wishes
  • Developed a bespoke investment strategy
  • Simplified and consolidated investments
  • Implemented Trust arrangements to immediately reduce potential IHT by £120000 and increase income
  • After 7 years further £100,000 IHT saving through use of trusts and gifts.

The Results

  • Created a stable and increasing income for life, sufficient to cover any possible long term care needs
  • Eliminated £120,000 of IHT immediately with further savings over time
  • Increased income allowing the client to gift more of her assets to family without worrying that this would affect her standard of living.
  • Put in place a strategy that will eventually more than halve the IHT bill with cash available under trust to pay any IHT bill without waiting for probate

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