Portfolio Clinic 

Planning ahead can help to reduce IHT

Reader Portfolio

Marcus and his wife, 73 and 70

Description

Isas and trading accounts invested in shares and funds, cash, residential property.

Objectives

Supplement retirement income, mitigate IHT, help children save for retirement

<p>Isas and trading accounts invested in shares and funds, cash, residential property.</p>

Marcus is age 73 and his wife is 70, and they have have two children and four grandchildren. They have a joint pension income of about £100,000 per year as well as his wife's state pension. Marcus also works part-time as a non executive director for a salary of £17,000 a year, although he is likely to stop doing this in the next two years. Their home is worth about £1.3m and is mortgage free. They also own 13 buy-to-let properties, which are worth about £3.25m, mortgage free and generate an income of about £125,000 a year.

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