Lightening the load

Professional Adviser

John and Sarah Watson are a married couple in their late 60s and have both recently retired. They live in their former council house, which they bought jointly in 1982 under the right to buy scheme. It is now worth £450,000. They have a son and daughter, both of whom are married, financially independent and with children of their own. John and Sarah are very grateful for the fact that they have been able to retire on final salary based pensions from their former employers. These give John an annual income of £12,000 while Sarah has £10,750. They are particularly pleased that the tax-free ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes



Already a Professional Adviser member?


More on Buildings & Contents

Turbulence ahead?

Housing Market

Professional Adviser
clock 01 August 2006 •

Case study

Gemma, 30, has just bought her first property with a mortgage of £147,000. As she has income protection cover through her employer, Gemma is looking to take out a personal critical illness plan. Although she is a fitness fanatic and does not smoke, her...

Professional Adviser
clock 01 March 2005 •

Going with plan B

Selling and buying property can be a slow process, but let to buy could provide the ideal solution for clients in a hurry to buy their next home

Professional Adviser
clock 28 August 2003 •