MID 50'S TO LATE 70'S
You have reached the point at which your pension scheme might provide you with a tax free lump sum; your mortgage is entering its final years of repayments or may have disappeared from your monthly expenses entirely; legacies might be passed down from the generation above and you are probably become mindful of the impact that spending decisions will have on the longevity of your financial resources.
Depending on your current sources of income, the tax haven of an ISA may or may not be appropriate.
More than ever, guidance from a professional financial adviser, like Ken or James, becomes invaluable. We can help you map out the likely financial demands over the next decades. We can ensure that money is available when you will need it and that it is invested appropriately whilst you don’t. And, most importantly, we can plan so that you don’t run out.
You may also be anxious about inheritance tax and whether your family will be burdened with a liability to HMRC. You may be wondering what you can give away now without risking a retrospective tax bill on your estate. Whether you want to allocate monies for your family now, or just pass on what is left in the most tax efficient way, we can structure your savings and investments in the right way, using an ISA if appropriate. Although this can be complicated, it isn’t an expensive service and the benefits can be substantial.