Additional Info Flashcards
1
Q
Additional info needed for regular gifting for uni costs
A
- 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
2
Q
Additional info for buying holiday home
A
- 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
3
Q
Additional info - maximising IT and CGT efficiency and maintain standard of living
A
- level and pattern of income required
- likely longevity
- willingness to transfer assets into June’s name
4
Q
Additional information- estate distributed in line with wishes and minimise IHT
A
- 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
5
Q
Additional information - review the suitability of existing investments
A
- 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?