Other Obj content Flashcards
1
Q
A - IPI
A
- To cov ill hea, A u have IPI
- Repl portion inc in ev dis, AS
- Ext take to 60, only need 59
- 12mth def, £2k pm
- V imp – above not suff, & only SSP
- Sub to full rev of ext, rec take new 6mth- 59
- £41 - £3750
- Is Max on inc, aft tax & state
- Inc guar prems -scot prov
- B4 canc ext full rev of feat of both
2
Q
D - IPI
A
- As SE &th f no sick pay, rec IPI
- Inc less, but old &smok prem>
- £75, pol as ab, but £1250
- Until 65
3
Q
School fees
A
- As v imp rec use £90 cash res to ensure
- Use fund 4 yrs
- Put in 4 yr fx rate 3.25% in D then D ins acc red tax
- Rec use take adv tax free to inv SS-ISAs
- To creat fund – 4yr +
Ann, app you are caut but as need to rais spec amt risk not meet obj if us dep based inv - SS offer HML risk pro suit resp att
- £5760 as inv C-ISA
- From 6/4/16 £11520 pa each
- Free inc – 480pm each - 960
- Cash res exh after 4yrs (8yrs)
- Alth inv U/D, conv est = c£215k will cov
use UT/IB to cover any SF or if fees incr - Sh cont to inv – sch sh fall & uni/ret
4
Q
Retirement
A
- Fin sal sch
- Ret 59, only 39
- Buy add yr – con pens admin
- 66% - £26666pa
- How, rev plan as act ded
- Typ 5% pa <65
- 30% red = £18k
5
Q
Dave Ret
A
- US mar, ass att to risk
- How, I wou rec div to spre risk across markets
- 1st full rev, may hv fund opt
make sure paid thru bus as save £90pm - Also may pay hi fees – SK pens
- If cont £12kpa, proj pot c£650 - c£30kpa
- =jnt £56k pa or £48 acc ded
6
Q
Ann new pens
A
- Sub to rev act ded - Rec A pers pen ensure Sh fall met
- Mo tax eff, than D – 40% tax rel
- £600pm £360 net due Tax rel - S/A to reclaim 20%
- Disp inc suff str away
- £280k, £13pa meet Sh fall if act ded
- Writ in trust death ben out est
- Add, both state D-67, A-68 supp inc
- 18 yr SS-ISA after sch fees, pot £500k –uni fees
UT & IB can als be used, poss rely on rather than new pens - Cons infl and A & state can ass roughly
- Both pers pen proj take infl into ac
- Th4 pens inc sh prov buying pow of £60 in tod
