Portfolio Clinic 

Time for a later-life portfolio tidy-up

Reader Portfolio

Nicholas and his wife, 69

Description

Isas invested in direct share holdings and funds, pensions, cash, land, residential property

Objectives

Transfer assets to wife, daughter and granddaughter, mitigate IHT, investment growth, improve asset allocation

<p>Isas invested in direct share holdings and funds, pensions, cash, land, residential property</p>

Nicholas is 69, and he and his wife are retired. They have a daughter who is financially independent and has a child of her own. Nicholas and his wife receive pension income of £44,060 a year plus income of £12,600 a year from a buy-to-let property, so do not rely on their investments for income. Their home is worth £450,000 and mortgage-free.

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