Portfolio Clinic 

VCTs don't offer IHT benefits

Reader Portfolio

Paul and Sue, 59 and 55

Description

Sipp, Isas, pensions, cash, VCTs, property

Objectives

Help children financially, mitigate IHT, supplement retirement income

<p>Sipp, Isas, pensions, cash, VCTs, property</p>

Paul and Sue are 59 and 55 and have four grown-up children from previous marriages. Phil gave up full-time work just over a year ago and will soon start drawing his final-salary pension, which will pay £25,000 a year. His wife has also recently retired and receives a final-salary pension of £17,250 a year. She owns a house worth around £475,000 which she lets, and it gives her an income of £13,000 a year.

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