Damond is 83 and has been investing for over 50 years, initially because he was self-employed and wanted to maximise his private pension contributions to achieve a guaranteed annuity income when he retired at age 65. He also wanted to build up supplementary savings to achieve a rising income in retirement. He now wants to maximise his capital so he can pass it on to his wife, two children and five grandchildren in a tax-efficient way.
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