Appleton Fox Wealth Management

Early Retirement

Background

 

  • Mr Client aged 50 (spouse aged 48)

  • Married with two children aged 15 & 18

  • Accountant for a large company

  • Income £135K pa

  • Assets:

  • Home £450K

  • Holiday Home £230K

  • Investments £150K

  • Cash £50K

  • Final Salary Pension of £80Kpa (from age 60)

 

Challenges & Concerns

 

  • Although enjoying his work Mr Client wanted his family finances organised such that he would be able to consider early retirement at age 58.

  • The investments and cash accounts were held in too many accounts and were poorly structured.

  • The result was poor investment performance and payment of too much tax.

  • The clients had no idea of their cost of living.

  • No Wills or Lasting Powers of Attorney

  • In the event of either partners demise the estate would not have been left to the right beneficiaries

  • No provision for the possibility of incapacity due to illness/injury

  • The children were not well provided for.

  • Concerned about Inheritance Tax

 

What We Did

 

  • Analysed their income/expenditure to ascertain what they required to live on and how much was truly spare both immediately & in retirement.

  • We consolidated and simplified the investments and cash accounts into a high performance investment portfolio that is benchmarked against a return target.

  • We changed the way the clients owned their home and arranged for tax efficient Wills to be prepared alongside “Lasting Powers of Attorney”.

  • Implemented a Family Trust framework to address the Inheritance Tax liability

 

The Results

 

  • We created a clear budget and a plan to get to financial independence by age 58

  • Eliminated an Inheritance Tax liability in excess of £100K

  • We simplified the management and reporting on the investments and cash – creating clarity in the clients mind

  • The new investment strategy improved performance AND reduced risk all at the same time

  • The Family Trust framework created a level of Bloodline protection of their wealth never previously possible

 

Does this sound or feel familiar? If it does & you’d like to confidentially discuss your circumstances & situation please email us & we’ll be only too happy to arrange a convenient time to talk through your situation.

 

0117 214 0017

advice@appletonfox.co.uk

Testimonials

The unexpected receipt of a large legacy effectively turned my world upside down. Whilst it has ensured a level of financial security in my retirement it also requires a level of financial “decision making” that I’ve never before needed to concern myself with. Frankly I found the responsibility rather daunting & am delighted to have been introduced to Nick Fox & the team that supports him at Appleton Fox Wealth Management Ltd. As my portfolio is now fully established I continue to benefit from the support & guidance available from the team at Appleton Fox in all areas. The advice & guidance I have received has (for the first time ever) delivered a level of knowledge & confidence over my financial future.

Thank you Appleton Fox!

Mrs Marion Smith, Retiree, Bristol

Confidence is the key word to describe a good working relationship between a client & their financial planner.

When I first met Nick in 1997 he was able to reassure me, a relative beginner in financial matters and I was confident that he would do his best for me. This has been proven time & again over the years.

Mrs F Lowe, Retiree, Powys

The real test of a financial planner is time. So, in retrospect, were the decisions taken and the advice given helpful and beneficial?

I have received financial planning help from Nick for some 18 years and it has passed the test. I have benefited considerably from his work for me. Further, he is excellent at explaining complex financial matters in ways I can understand.

Prof M Spencer, Retired Chemist & Lecturer, Cardiff

The two most important features of the relationship between financial planners and their clients are trust and confidence. We can say with total confidence that, in all the dealings we have had with Nick over the years he has not only fully honoured this relationship of trust but the advice he has given has been sound and impartial.

Thank you very much indeed.

Prof & Mrs Stirrat, Bristol

Nick Fox has been my advisor for 17 years. His knowledge and advice to date has proved to be of a sound nature, advantageous and most profitable.

Ms J lambert, Retired International Telegraph Executive, Bristol

Since you have arranged for me to draw my pension I feel quite sad that after (over) 20 years I shall no longer require your services. I still have the bulk of my pension lump sum in our current account. I don’t think I have ever had so much money but am slowly deciding what to do with it. I am so grateful to you for all your help over the years. I know I was a small fish but I did always benefit from millionaire treatment!

Mrs L Rees, Retiree, Herefordshire

My mother and I met Nick Fox in 1995 when we were advised by the solicitors dealing with my father’s estate to consult an Independent Financial Adviser. We found Nick to be incredibly knowledgeable, helpful and efficient, we moved with him when he changed companies and were delighted when he set up his own business, Appleton Fox, in 2007. Nick was very helpful to me and my sister, also a client, when our mother died in 2009. Nick has been very successful in choosing my investments and I trust his judgement completely. Latterly I have been doing some estate preservation work and again Nick has been excellent at explaining how this works and seeing it through with great attention to detail. I would have no hesitation in highly recommending Appleton Fox.

Miss M Cowley, Retired Administrator, Winchester

We have been advised by Nick Fox for over 16 years. During that time we have constantly been reassured by the proactive & comprehensive nature of the guidance we have received. Whenever we've needed additional assistance he & his team have always responded in a timely and efficient manner - exactly what's needed from an advice team.

Mark Powell, Window Contractor, Bristol
Lyn Powell, Office Manager, Bristol

Nick has provided financial planning advice to myself and family for the last fifteen years, primarily in the areas of pension provision and estate planning. His advice is always thorough and clearly explained and we find the annual review meetings particularly useful. Restructuring and ongoing monitoring of our pension investments has been invaluable and we have recently used his estate planning service to complete family trusts to minimise generational inheritance tax liability. I highly recommend Nick as a financial advisor, very professional and easy to understand.

Simon Pickett, Solicitor, Bristol

(Part 1/2) Having recently moved house and taken retirement from our family business, we felt that the time was right to take a clear overview of our financial position both with regard to our own financial future, and that of our offspring and grandchildren.

On recommendation, we contacted Nick at Appleton Fox to seek advice on our long term financial arrangements.

We found Nick to be prompt and courteous in his initial response to our enquiry, and at his appointment with us in our home, his presentation of what would turn out to be a tailor made plan for our finances, he was clear, concise, well informed and very patient in explaining everything to us. He was able to answer our questions with competent ease and give reassurance where we had concerns.

Nick and his staff at Appleton Fox gave us plenty of time to discuss...

Mr and Mrs Simpson, Retirees, Dorset

(Part 2/2)...the proposals with our family and were always happy to answer questions which either we or they might have raised.

The end result is that we have now brought our investments up to date and have a much clearer understanding of our current and future cash flow position. We feel that we have implemented a plan which has significantly improved the strength of our Estate Planning and enhanced the level of ‘Bloodline Protection’. We are of the opinion that this has achieved all of our original aims and objectives which we discussed and planned with Nick’s help, to keep our wealth safe and secure for our family.

We would happily recommend Appleton Fox to anyone in our position. We commend them on their attentive and supportive manner at every step, and are reassured that they are continuing to look after our interests in the future.

Mr and Mrs Simpson, Retirees, Dorset

Appleton Wealth Management Ltd is registered in England & Wales no. 6159055. It is also authorised and regulated by the Financial Conduct Authority no. 466149. The Financial Conduct Authority does not regulate some forms of tax, will & trust advice. The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. The value of investments can fall as well as rise. You may not get back what you invest.

Appleton Fox Estate Planning LLP (Limited Liability Partnership)

Appleton Fox Wealth Management Ltd is registered in England & Wales no. 6159055. It is also authorised and regulated by the Financial Conduct Authority no. 466149. The Financial Conduct Authority does not regulate some forms of tax, will & trust advice. The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. The value of investments can fall as well as rise. You may not get back what you invest.

• Appleton Fox Estate Planning LLP (Limited Liability Partnership) is registered in England & Wales no. OC355030