Freeing invested money

A senior professional, prompted by the pensions revolution introduced by the Thatcher government, had set aside significant sums on our advice out of earned income, making use of income tax relief. Later on, the cost of private education had escalated to the point that the client faced the choice of removing the children from their schools or facing insolvency.

We were able to help the client avoid either of these alternatives, by enabling the client to release sufficient cash from their pension provision. The consequent annuity which under the rules in force at the time had to be taken simultaneously was available to be recycled with further tax relief back into retirement provision, and the client now enjoys a prosperous retirement.