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‘I want to pass on a £2.7mn pension – how do I cut my tax bill?’

These investors have already surpassed the pensions lifetime allowance and need to organise their assets
March 10, 2023 and Rebecca Lucas
  • Tim and his wife want to fund a comfortable retirement and possible care costs
  • They want to buy their child a home and pass on assets tax efficiently
  • He wants to increase their allocation to smaller companies
Reader Portfolio
Tim and his wife 61
Description

Sipp, Isas and general investment accounts invested in direct shareholdings and funds, cash, residential property.

Objectives

Retire comfortably, fund care costs, buy child a property, mitigate IHT, return of 8-10 per cent per year

Portfolio type
Investing for goals

Tim is 61 and works part-time in two non-executive director roles for which he earns £35,000 a year. He and his wife also get around £65,000 a year from dividend income. They have one child.

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