Client and wife are about 70 years' old. Both have state pensions of around £8,000 per annum and he also has occupational pension of £21,000. So he is basic rate, she is not a taxpayer.
The have no further taxable income, but have share ISAs to the tune of several hundred thousand pounds.
Client read the following article in the Daily Telegraph:
Because of the article, client is thinking of paying £2,880 net each per annum into SIPPs for self and wife until age 75.
But is it that straightforward, or is the cost of advice and setting up costs etc. going to prove prohibitive. Also, I am not yet quite sure what client is wanting to achieve from this exercise.