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
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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
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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
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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
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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?
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