Selling a business and planning for work/life balance
James & Sandra were recommended to us by an existing client. They were in their late 50s, owned a business and were keen to slow down and improve their work/life balance. They had the business value and some pensions and savings but had no idea what income that would provide in retirement. We helped them review their expenditure and whether they had enough put aside to never run out of money. Then we made use of their tax allowance to invest the money for long-term growth.
- Financial MOT – £995
- Pension consolidation into a drawdown plan with a suitable investment portfolio. We invested the proceeds from the business sale to provide an income – £3000
- Ongoing charges on an investment of £1,100,000 – £10,250pa