Joslin Rhodes

22:57, Fri 30th July 2010

You are currently NOT logged in.

  • Login
  • Register

0845 166 7970

Case Study Two

 

Background

Mrs Client aged 78. Widow with two grown up children.

 

 

Challenges


Disorganised investments

  • After being widowed, left with poorly structured investments
  • Tax inefficient portfolio


Inheritance tax liability

  • Client confused as to what would happen to estate on death


Insecurity about future income

  • Current investments not structured to provide income

 


What we did

  • Created a simple Cashflow Forecast for the client
  • Restructured her investments, creating an immediate increase in disposable cashflow
  • Reduced paperwork
  • Ensured client using her Capital Gains Tax Allowance
  • Organised tax efficient giving to the grandchildren
  • Created a Trust Arrangement to reduce the Inheritance Tax liability

 


The Results

  • Gave the client control of her investments, creating peace of mind
  • Allowed the client to spend more time wither grandchildren
  • Increased net income by £4,000 per annum
  • Reduced potential Inheritance Tax liability by £30,000
  • Removed the risk of future income fluctuation