Background…
Mr and Mrs both aged 68, Mr continues to work through enjoyment and demand on his services. Both clients felt they weren’t getting the level of service and returns from their bank investment portfolio.
They didn’t know how much they required, to live the lifestyle they wanted when Mr retired and then, how long their retirement fund would last.
There was also a potentially large inheritance tax liability.
Their net assets
| Item | Value (£) |
|---|---|
| Cash | 400,000 |
| Bank investments | 2,000,000 |
| Main home | 1,000,000 |
| Second property | 400,000 |
| Total | 3,800,000 |
What We Did…
By using our expertise and our years of experience in helping people retire, we were able to understand their needs and use various tax advantages to formulate the most effective plan for them.
The main benefits for our clients were:
- We discussed their financial goals, available funds, their tolerance to investment risk and desired financial lifestyle, even down to how often they wanted to change their cars!
- We created an annual Tax Free income stream of £100,000, allowing them to live the lifestyle they wanted to live.
- Reduced the risk and improved the overall investment performance of their entire portfolio. Therefore they are getting a better annual return and through safer investments; more money, for longer with added peace of mind.
- We reduced their Inheritance Tax liability by £80,000, even less money going to the chancellor!
Background…
Mrs aged 68 and widowed felt that she wasn’t getting the level of service and returns from her bank investment portfolio.
She wanted peace of mind of knowing that she was getting a competitive return on her investment and that it was being looked after for her, in her interests and not that of the Bank’s.
Their Net Assets
| Item | Value (£) |
|---|---|
| Cash | 50,000 |
| Bank investments | 150,000 |
| Main home | 145,000 |
| Other investmens | 174,000 |
| Total | 520,000 |
What We Did…
We discussed her financial goals, available funds and the amount of investment risk she was willing to take.
We reviewed her current portfolio and by using our years of experience in helping retired people, we were able to understand her needs and make use of various tax advantages to formulate an effective portfolio for her.
The main benefits for our clients were
:
- We created an additional annual Tax Free Income stream of £ 6,240 improving her lifestyle.
- Reduced the risk and improved the overall investment performance of their entire portfolio. Therefore they are getting a better annual return and through safer investments; more money, for longer with added peace of mind.
- We reduced her Inheritance Tax Liability by £ 39,000 by determining that she would never run out of money and was able to gift money to her daughter and grandchildren on a regular basis resulting in even less money going to the Chancellor in the future!
Background…
Retired Widow with considerable bank investments. She found the service from her bank somewhat impersonal, frequently changing account managers and only interested in selling their products whether they were right for her or not.
Her Main Assets
Bank Investments - £ 175,000
What We Did…
We discussed her financial goals, available funds and tolerance to investment risk.
By using our expertise and years of investment experience, we were able to understand her needs and use various tax advantages to formulate the most effective plan for her.
The main benefits for our client were:
- Reduced risk to her investments to personal acceptable levels
- Improved investment performance of the entire portfolio, resulting in better annual return’s through safer investments; more money, for longer with added peace of mind.
- We created an annual Tax Free income stream of up to £13,600.
Don’t Just Take Our Word For It…
“I was unhappy with the rather impersonal service that was offered by my bank before I placed my financial affairs in the hands of Andy Manning at LPI. The bank seemed to change the staff managing my account at frequent intervals and I gained the distinct impression that they were really much more interested in selling their products to higher net-worth customers.
This all changed when I transferred to LPI. Andy has looked closely into what best meets my needs as a customer and carries out regular and thorough reviews in which products from many providers are considered.
In the ten years that I have been a customer of LPI I feel that my investments have been managed very effectively to ensure that the best value is achieved without compromising their security. Without the benefit of Andy’s expertise I am certain that my investments would not have performed as well as they have nor would I have felt that they were being properly managed.”
Mrs Hammond, Bury St Edmunds
