Nigel works as a Chartered Surveyor and has accumulated a number of pensions from previous employers.  His wife Penny stopped working after their second child was born to raise their family.  Recently, Nigel sold his business but plans to work for at least another ten years in order to increase his capital and save enough to fund his children’s university tuition.

Nigel and Penny’s main concerns were:

  • Being asset rich and income poor
  • How best to invest the proceeds from Nigel’s business sale
  • Sluggish pension performance and flexibility, particularly after reading recent press articles

What we did for Nigel and Penny:

  • Evaluated Nigel’s pensions, assessed his risk and consolidated them in line with his risk appetite with a provider who had a wider range of funds, allowing Nigel to have an involvement.
  • Increased Nigel’s retirement income by investing the proceeds from the Business tax efficiently
  • Worked out the amount needed for tuition fees and how this could be funded from Nigel’s investments
  • We agreed to review this on an annual basis and adjust accordingly, particularly as tax legislation changes.

Benefits for Nigel and Penny:

Now they are able to focus on accumulating their capital over the next ten years and have an input into where and how their money is invested.

Investments

The value of units can fall as well as rise, and you may not get back all of your original investment.

Pensions

A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.

The above case study is intended for information purposes only and should not be considered as advice.