Money needed for home improvements and debtsadmin
Mr.H, although 79, was looking to finally retire, principally needing around £6000 to finally settle an overdraft and other business debts. Alongside this, monies were also needed for home improvements and setting a contingency fund up, whilst also covering fees and looking at a short holiday. Raising £21000 initially, he was able to establish a drawdown/ reserve pot for future use.
This drawdown pot was used recently, with minimal fuss, to raise another £2000 to just top this year`s income up. By using his drawdown this extra money only attracts interest when it is actually used!