Having recently been made redundant he decided to take a short term contract with another employer whilst he reflected on what he wanted to do with the rest of his life.

Investments Holding Him Back

David had taken out a number of investments over the last 15 years, but there hadn’t been any overall plan or regular review of his situation. He felt it was time to simply his financial affairs and further understand his options to build and maintain a tax efficient and diverse portfolio in the approach to his retirement. David knew he would need to consult a financial planner, and an ex colleague recommended that he spoke to Haven.

Putting a plan in place

During the initial meeting with the Haven Financial Adviser, David outlined his financial position as well as his short-term and long-term goals. His existing investments meant he was already close to reaching the pension lifetime allowance: he also wanted to invest cash savings from his severance package as tax-efficiently as possible so that he could further build his retirement fund.

It was agreed that the best and simplest way of organising David’s varied financial investments was to bring them in-house to be administered by Haven. By doing this we would be able to service all of David’s investments and deliver the type of investment portfolio he wanted. This also meant that David could monitor the performance of his investments via the Haven client portal and be in the best position to discuss this at the ongoing review meetings.

Building wealth and security for the future

Although David’s arrangements meant we couldn’t recommend any further pension savings, Haven were able to put together a number of other tax-efficient schemes as part of a clear vision to maintain and build his wealth.

He is now able to live the life he wanted, safe in the knowledge that Haven have taken the worry out of his financial planning and are always on hand to advise and support him.