Lilly received an insurance pay out which she was looking to invest to generate income.
Audley took the time to understand Lilly’s long-term plans and recommended fully funding Lilly’s ISAs for the current and future tax years, because then any income or growth is tax free. In addition, any income or lump sums withdrawn from an ISA is tax-free.
For the rest of Lilly’s money, Audley recommended that she invest into a portfolio of collectives; which could utilise her Capital Gains Tax allowance to generate an income and to fully fund her ISA. This means over a number of years, all of her portfolio would be invested in ISAs which can generate a tax free income.
Having reviewed Lilly’s attitude to risk and taking into consideration her ethical views we recommended the Hawksmoor Sustainable World portfolio.