Case Studies
Client Case Studies.
Client Case Study - Retirement 1
Background
- Divorced man aged 56
- Business owner
- Home £750K
- Property £1M
- Cash £440K
- Investments £300K
- Pensions £850K
Challenges
- Early retirement - He wanted to retire immediately with £80K p.a. income
- Investments - Poorly organised which meant payment of too much tax
- Income - Needed a tax efficient income strategy
What We Did
- We consolidated and simplified investments to produce a sustainable level of tax efficient income
- Advised on specific pension options to help create the required income with flexibility
- Created an investment strategy to complement risk profile and income requirements
The Results
- We reduced the client’s level of income tax by £4,000 p.a.
- Increased retirement income to required level
- The new investment strategy improved performance AND reduced risk at the same time
Client Case Study - Retirement 2
Background
- Married couple seeking business exit in 5 years
- Business owners
- Home £400K
- Business £800K
- Cash £80K
- Investments £100K
- Pensions £150K
Challenge
- Clients wanted to exit business in 5 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, once they were in retirement
What We Did
- Produced a 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
- Kept the plan under regular review to take into account changing circumstances
The Results
- Clients were actually able to retire after three 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