We advise many different types of client, but typically, our clients fall into one of the following groups;
Clients in their 40s and 50s who are working towards financial independence, balancing the benefits of repaying the mortgage, making savings and investments and paying into pensions. Structuring investments tax efficiently is important, but maintaining flexibility is also key, as circumstances can change unexpectedly. Some of these clients may have older parents whose finances they help to manage, they may also have to consider how to pay for care home fees.
Clients who are 55-65 considering their retirement, assessing whether they have sufficient financial resource to retire early, whether they can take voluntary redundancy, what retirement options are available, how to structure their retirement benefits including whether to take the maximum tax free cash and how this impacts their pension income.
Beyond Retirement (Later Life Planning)
Clients who are 65-80 (and beyond), retired and wish to consider how to pass their wealth onto their children and grandchildren as tax efficiently as possible, assessing whether the value of assets is in excess of the nil rate band for inheritance tax purposes and whether assets can be structured differently. Investments may need to supplement income and tax efficiency of investment continues to be important.