Hylands House, a Grade II listed neo-classical villa set within 232 hectares of parkland, provided the spectacular setting for our May seminar, focusing on the key issues of Investment Strategy and Retirement Planning. We all need to be comfortable with the risk and return of our investments, both leading up to and during our retirement.
For the first time, Liberty decided to mirror the daytime event with one in the evening, thereby giving those busy or at work during the day the chance to come along.
“We were delighted to see so many new faces as well as to be joined by a good number of existing Liberty clients and their friends,” commented Lee Devonald, Principal at Liberty, who opened proceedings with a very personal overview of Liberty’s excellent credentials and of what is, after all, his family business.
He was followed by Angus Houston, MD of Will and Probate service Pavilion Row, who shed light on just why it is so vital to seek help from a qualified professional when writing your Will, underlining the importance of keeping your Will up to date, not just to ensure that the right people inherit your money and possessions but also that your wishes regarding funeral arrangements and financial planning are carried through.
The main speaker, Gavin McGhee from the St. James's Place asset management team, then delivered a highly informative and illuminating presentation on Financial Planning in the current financial climate, covering a range of key topics, including Investing for Retirement, Tax Efficient Retirement Planning and the Impact of the Nil Rate Band.
Gavin entertained and enlightened one and all with his true story of a gentleman who – having recently celebrated his 104th birthday – decided that he wanted to arrange his finances so as to minimise an otherwise considerable Inheritance Tax bill on his death. Having sought advice, the gentleman made the wise decision to invest in the Business Property Relief Scheme, effectively putting his investments outside his estate within two years. Finally passing away at the grand old age of 106, he not only achieved this objective but also unwittingly highlighted that whilst you’re never too old to forward plan, you might want to do so before that telegram arrives from the Queen!
There is, indeed, a really fine balance between ensuring your investments provide a sufficient level of income during your retirement and making sure that HMRC are not one of the beneficiaries of your estate after your death. Through our association with St. James's Place, Liberty Wealth Management are ideally placed to provide the advice needed to ensure the right balance is achieved for you and your loved ones.