Mr Jones found us online in 2015. He got speaking to one of our Chartered Financial Planners, Asif, and subsequently booked a meeting.
Due to unforeseen circumstances, the meeting didn’t go ahead and, although we tried to rebook the meeting, Mr Jones couldn’t fit it into his diary and, sadly, we lost contact.
In 2019, Mr Jones got back in touch with PenLife, spoke to Asif again and arranged another meeting. We were very pleased that he decided to invest some time into his financial planning and felt very positive about being able to help him further.
However, the meeting did not quite go as Asif expected. Unfortunately, in the four years we lost contact with Mr Jones, he decided to take advice from a different source, and, to cut a long story short, this ill-informed advice cost him well over £250,000 in the form of a large and avoidable tax bill.
Understandably, Mr Jones found it difficult to discuss this and explained how he regretted not making the time for the meeting all those years ago.
However, it’s not all doom and gloom. Although it was too late to fix what had already happened, Asif quickly identified that there were other areas in which we could still help by applying a clear tax strategy, helping Mr Jones avoid any more unnecessary losses.
Within only a few weeks, his plans were set up and we instantly saved him roughly £165,000 in tax through clever pension and Inheritance Tax planning.
Not only did we address the remaining tax issues, but we also showed Mr Jones how his money could potentially recover from the hit. We also gave him some urgently needed security through the reassurance of receiving well-informed, highly qualified advice.
Even though we’re not able to change the past, we can almost certainly help people get back on track and heading in a more positive direction.
It’s all about developing relationships
We’re here to be your trusted adviser and guide. We’d love to arrange a no-obligation chat with you, over the phone or over a coffee.
Get in touch
Got a question about financial matters? We’re here to help.