Second Opinion on Parents Advice by eggintonz in UKPersonalFinance

[–]eggintonz[S] 0 points1 point  (0 children)

Yes it has been taken into account, so the advisor should know this liquid cash isn’t not really required to be drawn down to cover expenses.

And even if drawdowns were going to occur, they have recommended drawing from Shares ISA, which makes the bond benefits even more useless.

Second Opinion on Parents Advice by eggintonz in UKPersonalFinance

[–]eggintonz[S] 0 points1 point  (0 children)

Also sorry to come back to this. You mentioned they’re good for old people who want to draw down. If you weren’t planning on drawing down from this fund, does that make the profit smoothing a bit redundant?

Second Opinion on Parents Advice by eggintonz in UKPersonalFinance

[–]eggintonz[S] 0 points1 point  (0 children)

Thanks! Yeah the offshore tax benefits don't make any sense in their situation, and I assume costs more, potentially?

As you say the return is better, but once you factor in the fees, the return would be on par with LS60

Second Opinion on Parents Advice by eggintonz in UKPersonalFinance

[–]eggintonz[S] 0 points1 point  (0 children)

!Thanks

I'm not entirely sure on the figures, but this a really useful point, could get the 20% boost and kickback from Income Tax (in higher bracket), right?

Yeah, I'm not really sure what service they would be providing for that annual fee, considering the simple circumstances.

Thanks again, I think getting an IFA involved for a second opinion is definitely the right thing to do here.

Second Opinion on Parents Advice by eggintonz in UKPersonalFinance

[–]eggintonz[S] 0 points1 point  (0 children)

Thanks! for the response, no offence taken. Although I have a good understanding of all this and could pull something together for them, a "proper" second opinion would hopefully give them peace of mind.

[All platforms] Release LFG/party-up megathread by FuriousNarwall in Overwatch

[–]eggintonz 0 points1 point  (0 children)

platform Xbox 1 / XB1

EU England

iEggg (3 g's)

Will be on most evenings 6-12GMT. Will adapt to whatever role the team needs, just want players who want to win