Summary content

Question 1

Summary

Answer 1

1. Prot & mort rec = inc 3434 to 3512, 3396 inc to inv
2. How, prev inadq prot, and wou hv raise for mort rep
3. When py 960ea + £360pen = £1116pm
4. Surp al flex adv cons port sal bonus
5. Ab rec is what req cons obj and circ
6. these recs I consider v imp in meeting ur obj

Question 2

Priorities

Answer 2

1. DTA - mort
2. FIB for Anna
3. IPI for Anna
4. Both make a will
5. Switch your mortgage to CR
6. FIB for David
7. SS-ISA -sch
8. Business protection for David
9. IPI for David - least imp, but still nec to be fully prot
   These are preferable, but could meet obj w/o
10. Anna’s AVC
11. Anna private pension –as SS-ISA, UT/ IB(Sb to review) to make up short fall
12. Not incl CC, ringfence in ISA as save you money

Question 3

Conclusion

Answer 3

1. Look fwd meet – review ext plans,
2. Expl key feat, next steps
3. ch circ, ext fact means reg rev req

Question 4

Estate

Answer 4

22.	Summary of estate with / without WOL
Explain NRB / inter-spousal transfers / intestacy / IHT
£300k house reverts sur spouse
mitigated- Life/pens written in trust
remaining £325 NRB passes to sur