We Change Lives Series

An interview with Ornella Bille a Personal Wealth Adviser at Schroders Personal Wealth

  • Shunil Roy-Chaudhuri
  • 15 May 2022
  • 5 mins reading time

Can you tell me a bit about your clients?

They are a married couple in their mid-40s, with one child. They have recently sold their business and have just bought their third buy-to-let property. They will soon receive the second tranche of the sale proceeds of their business and are considering using this to purchase another buy-to-let property. They want to take early retirement, using their rental properties for retirement income.

What were their main concerns?

The couple were keen to maintain all their basic, discretionary and luxury spending and found there would be a combined £20,000 annual income shortfall from their rental properties. They love their holidays and wanted a financial plan to ensure they could maintain their comfortable lifestyle and take their vacations.

How did you help them?

I suggested the couple purchase a £400,000 HSBC investment bond, from which they can draw up to 5% each year, amounting to up to £20,000 annually for the next 20 years. This neatly covered their income shortfall until their State Pension age while still looking to provide some growth potential, although this is not guaranteed.

How did this help change their lives?

The clients were thrilled with my advice and told me to proceed. They are now well-placed to enjoy their planned retirement to the full.

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