This case study is based on a real client
Rob is a successful 49 year old senior executive who has recently left a large FMCG company. He has accrued £750,000 in two ‘money purchase’ pension pots plus £12,000 per annum in final salary benefits, payable from age 65. He has a variety of investments mostly, and very sensibly, held in ISAs in his and his wife’s names (and 3 for his children using a special Inheritance Tax allowance). He has made basic arrangements for Inheritance Tax issues, which are likely to be considerable, and is keen to help his young grown-up children in years to come without “ruining their endeavour”. He also has a pension promise from a previous employer and currently works as a non-executive Director for three large companies, but no longer accrues pension benefits. Quite sensibly, Rob applied for “Individual Protection 2014” in the sound belief this will save him paying tax at a rate of 55% on any benefits taken in years to come that exceed the current limit of £1M.
I am very grateful to you and your team for the excellent customer service and hard work you have put in.YM
Thank you for all your hard work on my behalf. I am very happy with everything we decided on and will have my pen in my hand ready and waiting.JB
I believe you are doing your best to protect your client's interests, which I have always found to be true.GM