As an independent financial adviser (IFA), you have been asked to write a series of articles for publication in a solicitors’ practice’s quarterly magazine, aimed at individuals with higher levels of earnings.
The editor of the magazine has asked that your article focuses on how higher rate and additional rate taxpayers can take advantage of the pension reforms which became effective in April 2015. An overview of retirement options should be provided, along with worked practical examples. Additionally, it is expected that some commentary should be provided on the benefits and drawbacks of utilising the new so-called pension freedoms.
Your report should be presented in an appropriate style and should use appropriate technical language. The report should include any supporting calculations to underpin your considerations; you are required to provide a comprehensive discussion on the subject and must provide a clear Executive Summary.