Client Profile
Arthur and Mary approached us for retirement advice. They had accumulated a number of pensions and were thinking of selling their business. They had a business loan that still had 5 years until it was paid off but wanted to pay it off early so they could retire.

Our Approach
We checked that there were no guaranteed annuities on their pensions and no early surrender penalties and consolidated them into one modern contract. This reduced their overall charges and allowed us a wider choice of funds to choose from and provided the flexibility to take their tax-free cash without purchasing an annuity. They took their tax-free cash in order to pay off the business loans and left the rest of the funds invested until they retired.

They provided an indication of how much income they would need in retirement, with this we created a cashflow forecast taking into account the pension funds they had left and the likely sale price of the business. This showed them if they achieved the price they thought the company was worth they could retire earlier than planned and generate the level of income they required.

The purpose of this case study is to provide technical and generic guidance and should not be interpreted as a personal recommendation or advice.