Client Case: Phillips

34 minutes

Plan Information Video 1

Plan Start: 6th April 2015 – Ireland 1st Jan 2015
Mr – 04/08/1960 – Mrs – 07/08/1962
State Pension £7k each.
F.I 65
Income: salary – Mr £60k – Mrs £40k
Total Cash Joint 35k
ISA/Portfolio Account Mr only £35k
Pension Mr – £150k, Mrs £50k. Crystallisation over 5yrs SWR 4.5%
Main Res £450, original price £250k – mortgage £75k 4% 10 years.
Lifestyle £33k p.a.

Various Planning Points: VIDEO 2

1: Savings Plan
– change the pension income to ‘as needed’.
– Simulations – annual savings to get an idea about the amount that’s required.
– Add in an investment annual contribution, I choose £6k ISA Mr.
– Add pension contributions in. Mr = £5k now then step up at 60 to £7500. Mrs = £3k.
2: What investment rate of return is required, do a simulation.

VIDEO 3

1: Corrected a mistake on video 2, this is very typical when building plans quickly.
2: Updated and promoted a plan.
3: Early death scenarios. Expenses.
4: Care Home for the survivor.

Client Case: Browne

23 minutes

Plan Information

Plan Start: 6th April 2015 UK or 1st Jan 2015 Ireland.
Mrs – 16/06/1961 – Mortality 100.
State Pension £6,500 (todays money).
Financial Independence – F.I 66.
Income: salary – employed – £25k
Total Cash £185k.
Investment £50k.
Pension £175k – just received. Crystallisation F.I SWR 4%.
No property at the moment, renting for £12,000 pa. Milestone Expense.
Lifestyle £13k p.a. Add a stage on the timeline at age 83 called slowing down, at this point spending drops from to £11k in nominal.

VIDEO 1:
Setting up the plan and building the case.

VIDEO 2:
Stop renting and purchase a house, how much can she afford?
House £250k – Mortgage £30k.

VIDEO 3:
Can she save any more towards retirement?