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annually for income and hopefully maintain value of fund for others
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824There are a lot of middle men taking a cut but bulk investments of this sort smooth out the wrinkles from non-payers, void periods and damages.
As for getting an income from it, they could distribute that sort of income annually anyway but if you do need extra, you need to satisfy yourself of the marketability of just part of the investment.
Mike
Posted on 05 September 2010 |
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2Thanks for your kind advice Mike G G 1 As usual you seem to offer good suggestions. Basically problems are need to generate 5% nett income (From Inv Bond? ) to supplement income from capital of £120K but wish to retain Capital for Adult daughters eventually. Am I being realistic in this financial climate. Current age 75
Thanks and regards Junitra
Posted on 05 September 2010 | Love 0 loves
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824You have highlighted a big problem with just answering specific questions.
A financial adviser should find out all about you first.
At your age, the first consideration should be Inheritance Tax planning. I am not suggesting that you are about to 'pop your clogs' or whatever alternative expression you might wish to use, but IHT planning needs to be started at least 7 years before you do.
You also have to be aware of the 'Deprivation of Assets' rules.
You mention capital of £120k. Is that the total of your assets? Do you own your own home and would that take you over the IHT threshold? Do you currently have a spouse to share a double IHT limit with?
Nothing is simple.
Mike
Posted on 05 September 2010 | Love 0 loves
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