- This couple currently lives off a pension and income from a portfolio of shares
- They wish to pass on wealth over time – including gifting half of their property to their children in five years' time
- They are wary of tax liabilities, and potential care costs
Reader Portfolio
Andrew and his wife Suzanne
75 and 71
Description
Isa, pension and dealing account invested mainly in stocks, residential property, cash
Objectives
Live off portfolio income and a pension for now, and pass on assets over time while minimising any inheritance tax bill
Portfolio type
Inheritance planning
Andrew and Suzanne are 75 and 71, respectively. They have around £1.1m across a Sipp, Isas and dealing accounts, with an additional £100,000 in cash. Their house is worth £800,000 and Suzanne has a pension that pays out around £20,000 a year. They both intend to start taking their state pensions in four to five years, when their expected combined value should be around £35,000 a year. They have no mortgage or other debt.