Roger and his wife are in poor health. Roger has recently undergone the process of transferring his pension out of a defined benefit scheme to safeguard the potential to pass on value to his children on death.
He has recently taken early redundancy and been living on cash savings rather than drawing on his pension whilst he assesses what his and his wife’s actual expenditure levels are. He has estimated this at £25,000 annually which leaves them with a shortfall of circa £10,000 per year over the next 9 years before their state pensions become available.
Whilst Roger appreciates that he may need to use his pension to live comfortably, he likes the idea of being able to pass on any residual value to his children when he dies.
"Knowing my decision-making has been based on a thorough process that has been stress-tested by i4C gives me and my wife so much peace of mind. "