Britannic Place Financial Management Limited

Flexible Retirement


Male client aged 62. Formerly Sales Director of UK arm of global manufacturing business. He has recently set up a new business venture and is taking a much reduced income from this.


1. Income needs

  • Client needed more income to supplement much reduced income from employment
  • Needed flexibility to change income levels depending on success of new venture

2. Pensions and investments

  • Had a number of pension arrangements with various providers
  • Had investments with various different providers

3. Position on death

  • Client and his wife did not have a will in place
  • Worried about potential Inheritance Tax liability on death

What we did

  • Simplified and consolidated existing pension arrangements
  • Set up phased drawdown pension arrangement providing tax-free ‘income’
  • Set up trust in connection with new pension arrangement
  • Referred client to Legal Professional to put appropriate wills and trusts in place
  • Introduced structured review programme to consider ongoing income needs
  • Set up investment portfolio for non-pension investments, providing further tax-free income

The results

  • Gave client control of his pension investments, creating peace of mind
  • Provided tax-free ‘income’ of £12,000 per annum from pension arrangements
  • Improved performance and tax efficiency of investment portfolio
  • Provided further tax-free income from non-pension investments
  • Reduced paperwork and complexity of arrangements
  • With estate planning now in place the client and his wife have peace of mind
  • Reduced potential Inheritance Tax liability by £120,000

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Britannic Place Financial Management Ltd. is registered in England & Wales - Company No. 589908 - Registered Address: 20 Camp Hill Road, Worcester, WR5 2HE
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Britannic Place Financial Management Ltd. is Authorised and Regulated by the Financial Conduct Authority. Our FCA No: 588420

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