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Mr O’Brien, 37, Ireland.

Posted in on Mar 23, 2020

Motivation to move to a Wealth Management firm:

Mr O’Brien traditionally dealt with premium based product sellers. He was introduced to us by his brother, an existing Walfrid Client .

Mr O’Brien came to Walfrid Private with concerns that he was paying personal life cover from his own bank account. He was a Company Director – owner of a service business.

Walfrid Private offered a solution:

We set him up with a more tax efficient way of paying his life cover. Much like his pension contributions were paid from his company account, his cover could be paid in the same way under an Executive Pension Term Assurance Contract. Upon claim, the proceeds would be paid to a nominated trustee who would then pass the money to his estate.

Result:

Walfrid Private achieved tax efficiencies in the way Mr O’Brien’s Risk Portfolio was paid.