Additional Info

Question 1

Additional info needed for regular gifting for uni costs

Answer 1

• Are there likely to be any more grandchildren?
• ages of current grandchildren/time until Universty
• willing to invest in the grandchildrens name
• do the grandchildren currently have any CTF or JISAs
• how much and often do they want to invest?
• target amount
• ATR for these investments

Question 2

Additional info for buying holiday home

Answer 2

• who will own the property?
• if joint then joint tenants or tenants in common
• anticipated cost?
• location of holiday home
• will they use a mortgage?
• anticipated running costs

Question 3

Additional info - maximising IT and CGT efficiency and maintain standard of living

Answer 3

• level and pattern of income required
• likely longevity
• willingness to transfer assets into June’s name

Question 4

Additional information- estate distributed in line with wishes and minimise IHT

Answer 4

• willingness to write new wills
• willingness to amend ownership of property to tenants in common
• willingness to amend wills to include IPDI IIP for surviving spouse
• have they nominated a beneficiary for June’s money purchase plan
• willingness to place June’s pension in a spousal by pass trust?
• would David consider EIS to get 100% BR after 2 years?
• level of lifetime gifting planned
• will holiday home be jointly held (tenants in common?)
• all jointly held assets to be split equally?
• Priority of this objective

Question 5

Additional information - review the suitability of existing investments

Answer 5

• level of income required
• how much they intend to gift regularly to fund uni for grandchildren
• emergency funds needed
• term of of fixed rate savings account
• fund choices available with each product
• fund performance of each investment against relevant benchmark
• charges on each plan
• overall asset allocations on David and June’s holdings
• any investments held on platforms
• what type of service do they require? DFM or advisory
• David have sentimental attachment to investment trust inherited from uncle?
• used CGT allowance this year?
• previous registered losses
• previous gains
• would David consider rebasing IB?
• is David likely to receive income from state pension
• hoe much of NSI left to invest after holiday home and gift to Karen?