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Mr & Mrs October

Mr: 01/09/1973

Mrs: 12/02/1974

Retire Mr 60, Mrs 59 (but flexible, both like what they do)

State Pensions 10k each, age 67

Expenses

Lifestyle spending 3,700k pm.

Car upgrades every 5 years, 7.5k needed each time. End 85.

Income

Mr: Ltd. co - £9k sal, plus £50k divs pa

Mrs: Employed - £55k, plus £10k bonus pa

Cash

Joint total account £35k

Investments

Mr: ISA - £120k, paying in £800 pm

Mrs: ISA - £200k, paying in £200 pm

Pensions

Mr - value 25k, £500 pm Ltd Co, wants to explore paying more in.

Mrs - work pension £27k, 5% employee / 3% employer contributions.

Protection

TBD

Property

- Main Residence £650k, mortgage £105k. Repayment, 9 years, 4%.

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%