Things To Remaber

Question 1

What should be remembered for joint custody?

Answer 1

Change in work paterm
Custody after death

Question 2

What should be remembered for devorce

Answer 2

Valnerable

Question 3

What should be remembered for good health?

Answer 3

Under writing questions
-Smoking
-Alcohol
-Exercise
-Life expectancy
Health/injury protection
-PMI
-CIC
-Income protection
Future long-term care

Question 4

What should be remembered when thinking about change in work patterns?

Answer 4

Has visitation affected ability to work?
Would this cause an issue with meeting expenses?

Question 5

What happens for custody after death?

Answer 5

If Hannah dies?
If Kabir dies?
If they both die?
Are their wishes expressed in their wills

Question 6

Why would he trigger vulnerability?

Answer 6

Big change of circumstances
Recent divorce
Separated from children
Not in family home
Financial loss due to pension sharing

Question 7

What concerns could there be for vulnerability?

Answer 7

New relationship (will he make bad decisions)
Emma and him don’t share the same investment views
Has to make important decisions that may involve large sums of capital
Might affect ability to work

Question 8

Thoughts on maintenance payments?

Answer 8

Will they increase
What is Kabirs expenditure to understand capacity for regarding this?

Question 9

What should be remembered for employed?

Answer 9

Relies on earnings for income
Does he have unemployment cover?

Question 10

What should be remembered for £85,000?

Answer 10

Higher rate tax
Are allowance used
What is tax position in retirement?

Question 11

What should be remembered for workplace pension scheme?

Answer 11

How much will he require when he draws?
When will he draw?
Will he continue to work?
What pension options will he take?
Will he nominate children
Will he continue to contribute?

Question 12

What should be remembered for contributions 5%?

Answer 12

Willingness to make extra contributions?
Affordability of extra contributions?
Annual allowance (Lots not used)
Carry forward

Question 13

What should be remembered for employer contributions 4%?

Answer 13

Annual allowance (Lots not used)
Carry forward?
Salary sacrifice?
Contribution matching?
Protection for payments?

Question 14

What should be remembered from DIS?

Answer 14

Is Hannah nominee
Does he want his children to be nominated?
Is it under trust

Question 15

There is no mention of state pension what should be thought of?

Answer 15

Current NICs
Willingness to pay gaps

Question 16

What is the process for pension sharing?

Answer 16

Court order
Pension credit awarded
Order sent to Kabirs scheme
Pension credit implemented within 4 months. (At % stated potentially with charges)
Hannah becomes a member or transfers

Question 17

What should be remembered for Emma self-employed?

Answer 17

No statutory sick pay
Has employment and support allowance
Stability of income

Question 18

What should be remembered for Emma’s pension?

Answer 18

Doesn’t have one so mo csrry forward
Feelings on incorporation
Open SIPP or personal pension

Answer 19

Legal entity