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Case 1 Mr May – Plan Start 06.04.2025
Mr: 19/09/1964 - Son: 03/05/1983
Biz owner.
Widowed, has 100% of previous spouse NRB/RNRB
Expenses
Lifestyle spending 4,250 pm.
Holidays 1kpm
Car upgrades every 4 years, 7.5k each time.
Income
Mr: £0, not drawing from the biz. Looking to sell it soon.
Savings
Premium bonds £50k
HSBC savings £75k
Investments
Mr: ISA - £250k
Mr: GIA/Unit Trust - 100k.
Property
- Main Residence £1m, mortgage free, purchase price £400k.
- Business, Ltd Co, valued at £2m, no debt. GR0%.
Pensions
Mr - £1mk, no contributons.
Mr (inherited pension pre age 75) 250k, initial 200k.
Protection
None.
Run the Insights
What Ifs
1 Change the pension liquidation order.
2 Change life expectancy what if
3 Less Tax – Withdrawal limits.
Overview legacy
- Make sure the Sweep Accounts are set
up correctly
- Present the case - screen by screen,
I+E - BS - TL - LS
- Reports - page by page and discuss
- Update and Promote
Financial Levers
1: Die Sooner - Mr 75 +Mrs 80
2: Spend Less – step down at F.I.D to 45k
3: Earn More + Invest More – Mr incr inc to 120k – incr ISA to 20k
4: Invest More – pension both 6% 6% er + ee
5: Increased Returns – incr to 6.5% inside items, not preferences.
6: Work Longer – F.I.D to 73 Mr (small bit of RED at the end of cashflow)
7: Rightsize – age 75 - 50% of current value
8: Equity Release – age 80 add an event – 800k @ 5% interest – dual charts ‘debts’
9: Combination ??? 20k ISA – pensions 6%+6% - GR item >6.5%