Client: Executive director in family run business, age 59, married, combined income €83,000 all children financially independent. Adequate protection in place, no mortgage or loans.
Two years on, and client has contributed both regular and single contribution AVC’s to avail of high rate tax relief, and has more than doubled his retirement fund. We review funds and value each 6 months and have a strategy in play to remove risk gradually from the fund as he approaches his retirement date. To this end we are implementing a portfolio re-balancing and risk reduction strategy.