I am dealing with a trust estate now, the wording makes it seem very complicated but in essence it's fairly straightforward. You've done a very good job of explaining the scenarios.
@chrisbourne-retirementplanner
Жыл бұрын
Thank you, glad you think so.
@Duncan94
Жыл бұрын
I mainly watch for your stock market videos but thought I'd give this a watch as it's useful stuff to know. My mind is blown!
@chrisbourne-retirementplanner
Жыл бұрын
Thanks Duncan… hopefully not too complex! It’s certainly one that may need a few watches.
@paulevans1139
Жыл бұрын
Thanks for answering my question in making this video. I didn't realise how complicated this issue is, I'm OK with general investing, but this is on another level. I need to do a lot more research into this topic. Thanks again 👏👏👌👍
@chrisbourne-retirementplanner
Жыл бұрын
My pleasure Paul. Thanks for your question. Let me know if there are any other areas you’d like to see covered in future videos.
@paulevans1139
Жыл бұрын
Offshore trusts maybe??
@rwsteward10
Жыл бұрын
Fantastic video as always, you have a superb way of breaking down complex information, thanks Chris.
@chrisbourne-retirementplanner
Жыл бұрын
Thanks for watching! I’m really pleased that it’s valuable.
@jeffcallaghan6297
Жыл бұрын
I like the way you have explained it and your spreadsheet looked very professional
@chrisbourne-retirementplanner
Жыл бұрын
Thanks Jeff. I can’t take credit for the spreadsheet - it’s a cash flow modelling software that I use. It is possible for you to access it yourself through the online courses that I offer. Details are in the video description.
@IainMcIntosh-m1y
22 күн бұрын
Good basic introduction to taxation + Trusts. Always remember the reduction in IHT rates starting 3 years after transfer only applies , I believe, for sums over the £ 325,000 IHT allowance. Beware a Loan Trust I am aware of was subject to 30% tax because the beneficiaries were higher rate taxpayers. This may have been through Capital Gains Tax as the Trust had appreciated 600% over 30 years. It may be possible for the trust to alter the beneficiaries to a lower/non tax payer otherwise a saving of only 10% IHT is made and the Trust Administrators have chargerd 30% (30 years x1%).
@pauldyer123
Жыл бұрын
Hi Chris, I’ve just subscribed. When is “Voyant” (spelling?) Master class video being released on KZitem? Great videos by the way. Many thanks
@chrisbourne-retirementplanner
Жыл бұрын
Hi Paul. Thanks for joining the courses I hope they’ll be valuable.
@ipprp7898
5 ай бұрын
How to protect your asset and who will be in charge or beneficiary of the company when the sole director shareholder dies? What happens to those investment in the company and mortgages ? Please can you make a video of that and advise what to do to avoid the disaster of looking everything? Thank you. I love your videos posted 👍
@johnporcella2375
5 ай бұрын
That was a vwey good video Chris! I studied trusts when I did my ACCA exminations and understood nothing. I learnt more in this short video.
@hvop3734
9 ай бұрын
Hi Chris. I have been looking into private trusts as opposed to statutory trusts. Do you have knowledge of this?
@JimFerguson-m8j
Жыл бұрын
Hi Chris, sorry I'm late to the party but glad I made it. Absolutely 1st class videos thank you for all your valuable knowledge, will need to study them in a bit more detail. You mentioned in one of them, that your client base is totally full...which is very understandable. Is there any good planners around my neck of the woods...Ayrshire/Glasgow way? Cheers Jim
@chrisbourne-retirementplanner
Жыл бұрын
Hi Jim. Drop me an email on the email address in the About section of my site and I’ll see if I can guide you in the right direction.
@Thedudeofinfinity
Жыл бұрын
Hi Chris , a brilliant video explaining trusts for IHT. Would it be worth further building to talk about if an outright gift ( like a property) the settlor can no longer benefit from the asset for it to be treated as a PET eg they can no longer live in the property or they need to pay market rent . Also when making an outright gift there is something called a Gift in Vitro which is like an added insurance if the settlor dies within 7 years of gifting, it will be payed by the insurance.
@chrisbourne-retirementplanner
Жыл бұрын
Yes that’s right - giving something away but then continuing to benefit from it is called a gift with reservation and leads to a failed PET. The type of policy you’re describing is called a gift inter vivos plan. It’s a special type of decreasing term assurance. Few providers actually offer them these days, but it’s quite easy to replicate what one of these plans does with a combination of short term level and decreasing term assurance.
@jammydoughnut5165
Жыл бұрын
Hi Chris. Absolutely love your videos so a big thank you from me. A question about pensions being free from IHT - this seems to be the case up until the age of 75, but what happens after this? I cannot find any details? So, for clarity, if at 74 you have a personal pension pot of 500,000 and you die, this could be passed to your child (as a pension pot presumably, not a lump sum) without being valued as part of your estate. But at 75 and after… does it incur full IHT at 40%? The information out there seems to go blank after 75 - your knowledge on this would be greatly appreciated! Thank you in advance!
@chrisbourne-retirementplanner
Жыл бұрын
Hi there. A defined contribution pension will always be free of IHT at any age. It is before age 75 that benefits can be passed to beneficiaries without those benefits being subject to income tax in the beneficiary’s hands. After 75, the beneficiary would pay tax on withdrawals at their marginal income tax rate.
@beingiwe7256
Жыл бұрын
I am really exited about finding you. Can't wait for the course and also will probably wanna bring you into my master plan that I am so confused about 😂
@chrisbourne-retirementplanner
Жыл бұрын
That’s great thank you! You won’t have to wait too much longer 🙂
@johnporcella2375
5 ай бұрын
What was that Income Tax Planning with pensions video cslled in the end? Is there a link to it? You mentikned atbthe end as forthcoming.
@dominic8218
Ай бұрын
Excellent information- thank you! I want to gift house, but remain in it until death. Dont believe I should use an absolute trust for this due to pitfalls 👍🏻
@chrisbourne-retirementplanner
Ай бұрын
Hi there. If you gift your house but continue to live in it rent free, it will be viewed as a ‘gift with reservation’, and will remain in your estate.
@neilhopkins-dl7vm
Жыл бұрын
Great video as always. I was interest to hear of the proposed Voyant masterclass, do you have any overview, any spoilers.. i.e. is to be a one off or a series? will access to Voyant be part of the offering? When is it expected to be available? Many thanks
@chrisbourne-retirementplanner
Жыл бұрын
Thanks Neil. Aiming for late Feb on the course. It will include Voyant user license. Are you signed up to my mail list in the description? You’ll receive updates on there.
@neilhopkins-dl7vm
Жыл бұрын
Thanks Chris, yes signed up for the newsletter but no confirmation or letter received to date. Should I re register with another email address.
@rogerandout808
Жыл бұрын
Probably going to have to watch this one a few times to get my head around it! Nothing to do with the way it's presented, just complicated! Over time more and more estates are getting dragged into IHT with fiscal drag on the limits. With that, these solutions won't just be rich people's problems - they will become needed by the middle classes more with property price increases and care home costs etc.
@chrisbourne-retirementplanner
Жыл бұрын
Hi Roger. Yes trusts can be complex things, but I’m glad you think it’s presented clearly enough. There’s certainly more money taken by the exchequer in inheritance tax than ever before.
@alanlynch9292
Жыл бұрын
Hi Chris, great video. Really useful. Quick question, if a trust is set up for your children to benefit from, based on your house, does that mean they are not classed as first time buyers due to a property being left in trust for them?
@chrisbourne-retirementplanner
Жыл бұрын
Hi Alan. Holding property in trust is an area where legal advice is required. A trust is an entity though and if a discretionary trust is the owning entity rather than the individuals, the individuals themselves don’t own the property. Perhaps that answers the question, but bespoke trusts from legal professionals are what may be required.
@martinunsworth3902
Жыл бұрын
Excellent video Chris. Looking forward to the income tax and pensions video. Hoping you will cover something around maximising tax benefits over 2 years if you can’t eliminate the 61.25% rate with the £40k annual allowance.
@chrisbourne-retirementplanner
Жыл бұрын
Thanks Martin. There are some options to help with that, which I will cover in future vids.
@vinay4886
Жыл бұрын
Thank you for this excellent video! There’s far too much information as I have much less understanding of IHT issues than the usual pension/ISA/stock market basics that most people have! Please break this down further- for eg, why don’t we all open a loan trust and live off it for 25 or 30yrs? Can the trust money be invested in the markets and what are the tax implications of that growth?
@chrisbourne-retirementplanner
Жыл бұрын
Thank you. Yes the trust assets would generally be invested in the same sorts of funds as your ISAs and pensions are, usually through an investment bond. The main reason that not everyone uses a loan trust is because they still wish to retain access to the growth on their investments. In a loan trust, you retain access to the capital but lose access to the growth. So if you invested £100k, you could only take back £100k… the growth belongs to the beneficiaries. Many people do use loan trusts though when they move into retirement.
@vinay4886
Жыл бұрын
@@chrisbourne-retirementplanner Thank you, Chris, for that patient explanation. Looking forward to more videos on this subject. Very few people I know are well-informed about IHT planning as we ought to be..
@willlsmith8063
Жыл бұрын
Brilliant video Chris..........thanks again
@chrisbourne-retirementplanner
Жыл бұрын
Very welcome. Thank you 👍🏼
@pw3591
Жыл бұрын
Wow this is complicated, I'm not sure in our position a trust would be worth doing. What I'm more worried about is losing all our inheritance due to care home costs. I have a couple of friends who've recently been left with virtually nothing, due to care homes taking around £4k a month, which is more than most people earn !!!
@alangordon3283
Жыл бұрын
Modern day robbery .
@mikeroyce8926
Жыл бұрын
My mum had to go into a residential care home. In March 2017 the not for profit care home quoted their weekly fee to us. She moved into the care home in April 2017, but by then the annual price had increased by 6.7% (but fees to the local authority-funded residents only increased by 2.1%). The following year (April 2018) my mum's fees increased by 7.99% to over £851 per week (over £44,373per year). My mum had to sell her house in London to pay for care fees. She hated being in the care home. With her money, I was able to take out an immediate care fees annuity at a cost of £176,000. This paid for about 3/4 of her weekly care fees bill, but I selected the option for it to rise by 10% per year. Next with her money I bought her a bungalow and then paid for it to be adapted. I then arranged for an agency to provide a professional carer to stay with her for 22 hours a day (paid for by the annuity) for less than the cost of the care home. Extra costs were the cost of someone to sit with my mum 2 hours a day, the cost if food, utilities and council tax and income tax on 50% of the value of the monthly annuity (because the care agency is not registered with the CQC). Her savings fell below £14,000 - at this point the local authority is meant to pay for her care costs - but they did a spurious assessment and (I assume because they don't have much money) decided that she did not need a live in carer!! I was also told that it was cheaper for them to pay for someone to be in a residential care home than to pay for 4 visits a day (4 x 30 minutes). So I have not pursued it and she receives nothing from the local authority. In 2016 a "Competition and Markets Authority" investigation concluded that "self-funders" in care homes were subsidising "state-funded" residents. Damien Green admitted it. Matt Hancock decided the report was wrong. Every year the subsidy increases. My mum is 91 this week and from the 1st February her after tax annuity will fully cover the cost of her 22 hour a day carers AND her pension will cover all her costs. Finally I am confident she won't run out of money and that I or my son will inherit her bungalow. It saddened me that our society was unwilling to pay an extra 1.25% on National insurance to prevent families from being wiped out financially. Hopefully one day care fees for everyone unfortunate enough to incur them will be funded by the state (ie by all of us).
@chrisbourne-retirementplanner
Жыл бұрын
Yes long term care planning and estate planning often go hand in hand. There are things that can be done, but it’s often left too late.
@DaveCYFF
Жыл бұрын
It’s all about the planning and protecting assets,Trusts do work to protect assets in this scenario and can avoid losing home.care annuity can provide very high level of income to provide sufficient income to meet needs £100k could provide £30k per annum for life for someone in their middle early 80s if they have left it too late. Seek advice the answer is out there.
@volt8684
Жыл бұрын
@@mikeroyce8926yes care for all in 4 star hotels with boat people
@EffectiveBridging
5 ай бұрын
Great video Thanks Chris - are flexible revisionary trusts included in the tool you used please thanks
@chrisbourne-retirementplanner
5 ай бұрын
Off the top of my head I don’t think they specifically are, but the system is generally flexible enough to be able to create the desired result in projections.
@helentomolillo7987
11 ай бұрын
Amazing video and interested information regarding Discretionary Trust. My eldest brother is making my mother take out a trust and he won't disclose any information to the other siblings. I feel it might be a discretionary trust with himself being named as the trustee. A discretionary trust with him as the trustee would enable him to change the beneficiaries and exclude us from any inheritance? Is this possible? Does the DT over ride a Will? The Will does leave everything in equal share to all siblings but sadly my eldest brother won't accept that. Thanks
@chrisbourne-retirementplanner
11 ай бұрын
Thank you. It’s always sad to hear of situations like this. A trust will generally override a will, but they can be challenged, especially if it is believed (and can be proven) that the settlor has been forced to do something against their wishes.
@wrightmojo
Жыл бұрын
Hi Chris, thank you, you explained such a complex issues very well. The concepts are brilliant but why is it so expensive to set it up with the 20 years investment bond, the ongoing fees that would cost at least over 30% of the amount you surrender in total ? Is there a guarantee that such scheme would not be challenged by HMRC?
@chrisbourne-retirementplanner
Жыл бұрын
Hi there. Where are you taking those costs from?
@corkpres
Жыл бұрын
Hi Chris, I have a discretionary trust done last year done by my wealth planner. I have heard before that a solicitor should be doing the trust. Can I open another type of trust with a solicitor?
@chrisbourne-retirementplanner
Жыл бұрын
Hi Kristen. A trust doesn’t necessarily have to be implemented by a solicitor - suitably qualified financial planners can put trusts in place. The important thing is that they are appropriate and meet the needs of you as the settlor.
@snapdragon2441
Ай бұрын
Would you be able to give advice for smaller estates, for example just under 1 million. Or would inheritance tax not be a problem at that level
@chrisbourne-retirementplanner
Ай бұрын
IHT is less likely to be a problem at that level, providing the estate being passed is coming from the last survivor of a married couple, and the value of the estate includes a main residence that is being passed to children (or grandchildren).
@ImranMalik-mg5uv
5 ай бұрын
Did you talk about Family Inheritance trust?
@shreeradhe5378
Жыл бұрын
Really useful video Chris.
@chrisbourne-retirementplanner
Жыл бұрын
Thank you Shree, I’m glad it is.
@Dr.KhizarShabir-dl1ho
9 ай бұрын
Can you put a family home into a trust for you children when you have an outstanding mortgage on the property or do you need to wait until you have paid the mortgage off in full ?
@neilhopkins-dl7vm
Жыл бұрын
@ Chris Bourne Hi, I hope this finds you well. Is it still the intent to provide a Voyant Master Class course as well as provide access to the Voyant Go software ?
@chrisbourne-retirementplanner
Жыл бұрын
It certainly is Neil. Course to be launched very soon and announcement will be sent to mail list subscribers. Make sure you have signed up for updates using the site address details in the video description.
@simonw1421
Жыл бұрын
Enjoying your videos 👍 My question is… How do you know when you should be speaking to a financial planner? Thanks
@chrisbourne-retirementplanner
Жыл бұрын
Hi Simon. Thank you! I actually did a video on this subject a while back called When You DON’T Need Financial Advice. You may find that useful.
@lawrencer25
Жыл бұрын
Another fabulous video. Well done 🥰🥰🥰🥰🥳🥂👍🕺🏽
@chrisbourne-retirementplanner
Жыл бұрын
Thanks again Lawrence. I appreciate your support of my channel 👍🏼
@lawrencer25
Жыл бұрын
@@chrisbourne-retirementplanner Government making it harder and harder for people with large portfolios. Iam 43 and worried about IHT all ready 🙊🙈🙉😱🤔
@malvanlondon8683
Жыл бұрын
Thanks for the informative video. How do we get Voyant?
@chrisbourne-retirementplanner
Жыл бұрын
Hi there. The link to my Voyant course, which includes access to the software, can be found in the video description.
@chrisbourne-retirementplanner
Жыл бұрын
Links in comments don’t always post, but I will try… voyant-masterclass.mykajabi.com
@banichoudhury1846
Жыл бұрын
Great vid, question. If the estate contains ONLY 2 properties and 1 being a place of residence of the total value of 2.3million. No cash, no stocks or bonds just 2 properties. What's the best trust to use as she has 2 children aged in their 40s to avoid IHT ?
@chrisbourne-retirementplanner
Жыл бұрын
Placing property into trusts requires the guidance of solicitors. You have to be careful about gifts with reservation.
@banichoudhury1846
Жыл бұрын
@chrisbourne-taxfreeinvesti9688 oh thanks .. I've already started looking into solicitors as it seems quite complex
@larryhurt1193
Жыл бұрын
Hi Chris. Should I seek professional advise from a solicitor to select the correct Trust for my mums estate and get them to set it up for me, or can I seek your professional advise using your IHT calculator to select the correct Trust for me regarding inheriting my mothers estate?
@chrisbourne-retirementplanner
Жыл бұрын
Hi Larry. The video may provide a guide to what certain trusts can do, but you should always take advice from a solicitor or an IFA who specialises in estate planning. Both advisers would be complementary - an effective will should be in place through a solicitor. They are unable to implement investments into things like bonds though; you need an IFA for that.
@JohninRosc
Жыл бұрын
Excellent video as always. Many thanks.
@chrisbourne-retirementplanner
Жыл бұрын
Much appreciated John. Thanks for watching!
@recyclist6421
Жыл бұрын
Hi chris, great video as always. I can’t help thinking these trust arrangements are borderline immoral and a cast iron method for the rich to get richer using professionally employed staff to untangle the labyrinthine complexity of trust tax law. But that’s just my personal opinion. Anyway my wife actually has a trust fund set up for her. She has only just been told about it and she is in her 40’s ! . We have no idea how it works and how we access it! and what the tax implications are . It’s a bare trust….I think? can I hire you 😂😂. I’m guessing your very busy?
@chrisbourne-retirementplanner
Жыл бұрын
Hi there! Apologies for the delayed response… A bare trust can be accessed at any time by somebody who has reached the age of majority. You can certainly get in touch if you feel you need advice. My contact email address is shown in the About section of my channel homepage.
@gaurasrspublishing
Жыл бұрын
" I can’t help thinking these trust arrangements are borderline immoral" - the legal and tax structures are in place and can be used by any and everyone. I'm sure you don't have a similar puritanical tone about your income tax personal allowance, you haven't written to HMRC and insisted they don't apply it to you. The tax benefits of Pensions and ISA, again I'm sure you don't have a moral opinion on using them yourself. So to try to take some assumed moral high ground about using Trusts (or any other tax efficient methodologies) to mitigate tax, is really at best absurd and at worst a case of double-standards.
@ratna1984
Жыл бұрын
Great Video Chris! My main question would be the cost of these trusts, how much to set up and what are the ongoing fees?
@chrisbourne-retirementplanner
Жыл бұрын
Hi Ratna. Much would depend on the type of trust, the size of the gift, the complexity of the estate and other factors, so it isn’t possible to say exactly. A small settlement of say £50k-100k into an off the shelf trust with no other gifts and complications may cost in the region of £1k-£3k set up, but again, that is just a very rough guide. Larger settlements will cost more, but you can see from the video how much of a difference to taxation they can make.
@abracadabra1394
Жыл бұрын
Jesus Chris 🤣🤣🤣...might have to watch this a million times. Any chance for a simple trust under 500K? Recommendation...
@chrisbourne-retirementplanner
Жыл бұрын
Haha yes despite my trying to make things as straightforward as possible, it’s quite difficult with trust taxation 😂 The only thing I can recommend is advice.
@R8135003
Жыл бұрын
Be aware that if you rent a property out that is in trust there is a high rate of tax to be paid. About 31% I think.
@mervynmackie6360
Жыл бұрын
Hi Chris I'm looking to buy a bungalow and thinking about renting out my current property for 2 to 3 years until the market recovers when I can get a better price, I know if I sell my current property within 3 years I can claim back the extra 3% stamp duty I would of paid but will I then have to pay CGT on that sale as it was a rental property?
@chrisbourne-retirementplanner
Жыл бұрын
Hi Mervyn. I believe there would need to be some CGT time apportionment for the period that the property was not your main residence.
@jattnetworks
Жыл бұрын
Hi Chris . Excellent as always . Would it be worth putting my main residence into a trust along with 2 pensions . The kids could stick the house on rent but be protected from any future liability eg divorce,bankruptcy etc.
@Equitybonds24
Жыл бұрын
Pensions are already outside of your estate for IHT so are effectively already in a trust. if you place your house into trust you no longer own the property as it will be owned by the trustees. In addition, the residential nil rate band (RNRB) would not apply if the property was placed into a discretionary settlement. One thing to also bear in mind is if you continue to live in the house then this will be classed as a 'gift with reservation' and the gift would 'fail' unless you paid the market value of rent to the trustees, however this would then further increase the complexity of the arrangement with the trustees then needing to complete a self assessment tax return. This is like Chris says a highly complex area and legal advice should be sought despite the upfront cost. I hope this helps.
@chrisbourne-retirementplanner
Жыл бұрын
Hi Bob, many thanks for your comment. I agree with everything Bailey has written above and can’t add anything further.
@Equitybonds24
Жыл бұрын
@@chrisbourne-retirementplanner Thanks Chris, it is good to know I am on the right tracks! I am studying for APFS at the moment and find considerable value in the content you produce.
@3thinking
2 ай бұрын
Will any of this survive this money grabbing new Labour government?
@Gibbo1
9 ай бұрын
The best way to avoid IHT is to open up a 'composite prednisone actuarial' account at any high street bank, you only need to put £1 in
@ciaoatutti11111111
Жыл бұрын
Mate how are you doing? Looking for new videos from you... 😊
@TheBobster1969
Жыл бұрын
Great info.
@chrisbourne-retirementplanner
Жыл бұрын
Thank you! Glad it’s helpful.
@MAXERNEST
Жыл бұрын
i have to wonder who thought of all this :} these mechanisms are there i suppose to stop people leaving it all to the cats home, myself i will be left zilch Hall :} Excellent video Chris ,thanks
@chrisbourne-retirementplanner
Жыл бұрын
Thanks Max. Haha the tax system is a mess of layered legislation over decades and decades. It keeps me in a job I suppose. Leaving money to the cats home isn’t a bad strategy! As long as it’s a register charity you completely avoid IHT on the gift.
@MAXERNEST
Жыл бұрын
@@chrisbourne-retirementplanner Hello again Chris yes i subbed to your channel ages ago, after looking for stuff on pensions, i did get my FAS money lump sum ,which i used to pay down my debts , i started investing back end of 2020 so missed out on the market muddy bottom :} i aim to put in more cash ,when it becomes possible in the spring, i have got to get the ball rolling :} somehow :} thanks once again is there a Battersea cats home?:}
@lt4203
Жыл бұрын
What about private trusts Chris?
@tadhashi7220
4 ай бұрын
A basic question, where can I go to open a trust?
@chrisbourne-retirementplanner
4 ай бұрын
To a solicitor. Financial advisers often have an understanding and can implement ‘off the shelf’ trusts such as the ones discussed in this video, but anything more bespoke generally is a solicitor’s domain.
@Olly1909
8 ай бұрын
great video
@chrisbourne-retirementplanner
8 ай бұрын
Thank you 🙏🏻
@blue7lvn245
Жыл бұрын
what software are you using that is keeping track of this
@blue7lvn245
Жыл бұрын
it seems to be your own, neat
@chrisbourne-retirementplanner
Жыл бұрын
It’s called Voyant. Check it out my courses in the video description.
@SamanthaSmith-tv1jl
Жыл бұрын
Exactly what I want
@chrisbourne-retirementplanner
Жыл бұрын
Good to hear! Thank you.
@muhammadhamza3888
Жыл бұрын
When is the voyant app going live?
@chrisbourne-retirementplanner
Жыл бұрын
Hi there. It's live - link is in the description.
@chrisbourne-retirementplanner
Жыл бұрын
Here it is if you can't find... voyant-masterclass.mykajabi.com/
@hw4518
9 ай бұрын
Thanks
@MsGemini321
Жыл бұрын
Im assuming this is Public trust . Not private
@chrisbourne-retirementplanner
Жыл бұрын
The video describes individual trust products.
@SandgateandCaboRoig
Жыл бұрын
There is a lot to think about, what age should you start planning ?
@zanychelly
Жыл бұрын
At age of zero years
@chrisbourne-retirementplanner
Жыл бұрын
Start planning straight away, but don’t give away today for tomorrow… It’s a difficult balance to strike!
@ivanbeacon5883
Жыл бұрын
Do any IFA's charge fees on the profits they make you rather than on your whole pension pot. It seems unfair to me that an IFA gets money even when they are loosing you money.
@chrisbourne-retirementplanner
Жыл бұрын
No IFA would only charge when your investment increases in value because they do not control the way markets move, meaning they would have no control over their income and a business cannot be operated that way. You have to disassociate what an IFA does from the way investments move though - implementing investments is a very small part of a good adviser’s process. The adviser should be able to advise upon the most tax efficient withdrawal strategy by A/B testing different scenarios against each other using cash flow modelling, illustrate how goals can be achieved regardless of market conditions so you can retire in complete confidence, protect wealth for subsequent generations and much more. Investments are just a byproduct, but an adviser’s liability is connected to the amount of money that they are advising upon, so they have to charge fees in relation to the investment.
@hypnoticmonkee
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How do i contact this guy by email or phone?
@chrisbourne-retirementplanner
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Hi there. My contact details are in the About section of my channel homepage.
@hypnoticmonkee
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@@chrisbourne-retirementplanner thank you. I'll email you week coming
@Rudedogg_1
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This loophole is why DJ tRump doesn't want his adjustable trust looked at by the public or authorities!
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