Vine family

Assessment Brief – Newcastle School

Programme:

BA (Hons) and Investment Management

Module Code:

AF5007

Module Title:

Personal and Wealth Planning – Component 2

Distributed on:

Week 1 Semester 2

Submission Time and Date:

To be submitted by 12 noon on (TBC).

Word Limit:

N/A

Weighting

This component accounts for [ 60 ]% of the total mark for this module

Submission of Assessment

It is your responsibility to ensure that your assignment arrives before the submission deadline stated above. See the University policy on late submission of work (the relevant extract is set out below).

Please note that assignments are subject to anonymous marking.

Electronic Management of Assessment (EMA): Please note if your assignment is submitted electronically it will be submitted online via Turnitin by the given deadline. You will find a Turnitin link on the module’s eLP site.

Instructions on Assessment:

The Vine Family

Background

Fergus and Felicity Vine live in the North East of England. They own a house valued around £390,000 and this is owned as a beneficial joint tenancy. They have been married for 20 years and have no children together. Fergus has one 26-year-old son, Ethan, from a previous marriage.
Fergus is 57 and in good health. He married at 21 but divorced at 35, when he then met Felicity. He had a clean-break settlement and his ex-wife has no claim on his finances.
Fergus’s father is still alive and lives 10 miles away in his own property in Newcastle. He is a widower and at 84 still lives on his own. He has a number of health issues which are currently managed well. The property owned by Fergus’s father is valued at £270,000 and he has written a will that leaves this to Fergus and his sister Gillian. Gillian emigrated to Australia some years ago and now has Australian citizenship. Fergus is aware that any future care responsibilities for his father will likely fall primarily upon him and Felicity as his sister lives so far away.
Felicity’s parents are a little younger. Felicity is 51 and her parents are in their mid-seventies. They are both in reasonable health. They live in the South East of England in a small village on the outskirts of the city of London. They own a large house that has a current market value in the region of £1,300,000. They also have some jointly held cash based investments amounting to £205,000 and ISAs of £48,000 each. On the first death, Felicity’s parents would like to leave the remainder to the surviving partner. On second death they would like to leave as much of this as possible to Felicity and her younger sister Georgina upon their death. They are very keen that the “tax man should not have any of Felicity and Georgina’s inheritance” but do not know much about inheritance tax. They are aware they may have to pay tax but would like to mitigate this where possible. Felicity’s sister Georgina is unmarried with one eleven-year-old son James, Felicity’s nephew.

Employment and Pensions

Fergus worked for a private company in the North East from the age of 16 to 35, when he was made redundant. He contributed to a defined benefit pension scheme. He has 19 years of pensionable service and is due to receive his full pension benefits in 2022, when he will be 60. His latest statement indicated his annual pension to be £21,220 per annum in addition to a compulsory tax-free lump sum of three times this amount. This figure will increase in line with inflation. The total transfer value of his pension is £675,000. He no longer contributes to this scheme.
Fergus now works for the National Health Service with an annual salary of £29,750. He contributes to a public sector defined benefit scheme. Based on benefits accrued to date, his latest statement predicted an annual pension of £7,750 and a tax-free compulsory lump sum of three times this amount. This is also payable in full when he is 60. Fergus does not anticipate that his salary will change significantly between now and when he intends to retire at 60 and therefore for the purposes of planning for retirement, he bases any plans on these figures. Fergus is a keen amateur sportsman and would love to have more time to devote to training and competing so is very keen to retire as soon as financially possible. Fergus’s death in service benefit (life assurance) is £55,500 and a survivor pension would be payable to Felicity in this event.
Felicity is a Senior Lecturer at a local University. She has two pension schemes. She is a member of the teacher’s pension scheme. She contributes 10.2% of her annual salary of £51,700 to this. She is unsure how much her annual pension will be when she retires. She is aware that she has options in relation to the age she can retire from education and the size of the lump sum relative to the annual pension she can choose to take. She thinks that her pension provides for Fergus in the event of her death but is not quite sure. Her full pension will be payable at 67 but the scheme allows members to retire earlier than this but this has consequences to the pension payable.
Felicity particularly wants to know what her potential pension and lump sum would be at 60 and 67. She loves her job but does not want to be too old when she retires, especially as Fergus is older than her.
When Felicity was much younger, she was sold a private defined contribution pension. The total fund value is currently £79,680. She has not contributed to this scheme for many years but still receives her annual statement showing how the fund has grown. By the age of 65, this fund is forecast to be able to buy an annual annuity of around £3,000 per annum. Felicity is a bit disappointed with this value.
Both Fergus and Felicity are due to receive a full state pension at the age of 67.
Fergus and Felicity have heard about the 2015 pension freedoms in the media. They have discussed how it would be useful to access their pension funds for various purposes, including paying off the remainder of their mortgage. They have heard that the reforms allow individuals to access their pensions at 55 but do not know much else about the changes. Fergus has heard that it is possible to transfer his defined benefit schemes to a defined contribution scheme to take advantage of the reforms potentially allowing him to retire even earlier than he intends to.

Property and other assets

Fergus and Felicity have a joint repayment mortgage with Santander that they took out years ago. The current outstanding balance is £15,000 with around two years until the total sum is fully repaid. They currently repay £850 per month.
They have contents and buildings insurance but have no other insurance policies, other than those already mentioned and car insurance on their two cars.
Felicity owns a small house in the south of England that she bought when she was 26. She bought the house at the end of June 1995 for £67,000. She lived in it for 5 years but then moved away and just used the flat as an additional base when she visited her parents. She has recently put it up for sale for an asking price of £250,000. She does not know if she will have to pay tax on this capital gain. Felicity also has a painting that she was bequeathed by her grandparents that she intends to sell at auction this year. The probate value was £7,000 and she has been advised by an expert that it is now worth £23,000 and she hopes to realise this. Once both assets have been sold, she wants to use some of the money to build a fund to help provide a university education for her nephew James, as well as to help him with a small house deposit to buy a property in the future. She wishes to earmark £40,000 for this purpose. It is unlikely that Felicity’s sister Georgina will be able to help and Felicity is keen that James should not start life in too much debt. As such, she would like to develop a portfolio of investments to grow her money. She is happy to take on some risk but does not want to have to do much to manage the portfolio, as she is very busy.

Fergus was left £18,000 by his grandfather, when he passed away seven years ago. This is invested into £8,000 premium bonds, £3,500 cash ISA and the remainder in a savings account with a local building society. He has had one £25 win and made very little interest over the last seven years. Felicity has suggested he invests in something that will give a better return but Fergus is inherently risk averse. He has however thought that he may be willing to take on a little more risk.

Estate planning

Fergus and Felicity do not have a will. Both would like each other to inherit their assets when they die and have assumed this will happen. After both deaths, they would like Ethan and James to be provided for equally. They are not really sure if they need a will and both admit to knowing very little about them or the consequences of dying intestate. They are also concerned on the impact of ill-heath and making sure that if they are unwell, the other can make decisions for them.

Ethan

Fergus’s son Ethan lives with his mother. He has been saving for a deposit so that he can move out and buy a property locally. He is not sure on how to proceed. He has saved £6,000 with the help of grandparents. His gross salary is £26,000 per annum.

Other Liabilities

Fergus and Felicity have a car loan. They had to buy a car two years ago for £13,500, which they financed with a car loan paying £205 per month and this will not be padi off for another three years.
Felicity has £9,700 on a credit card. She only pays the minimum balance off this each month.

Income and expenditure

Fergus and Felicity have an approximate monthly net income of roughly £4,800. They do not wish to substantially change their lifestyle.

Assessment Tasks

You are to write a client report (2500 words) for the Vine family that covers the following:
1. A financial plan for Fergus and Felicity. (60 marks- see below for allocation)

You should make a judgement about the timescale of this plan, taking into consideration the financial milestones and factors mentioned in the case study.

It should include:

a. A clear breakdown of the couple’s objectives over the short, medium and long term. You should clearly show a financial plan that models the likely changes in the couple’s financial situation from now until the years to retirement, taking into account all of the information in the scenario (you may use excel for this and include as an appendices). You need to determine the key milestones that will change the couple’s income and expenditure between now and retirement and model how these will change their overall financial position. You should consider at least two alternative scenarios you judge possible given the ages of both Fergus and Felicity and their possible retirement ages. (Please note you are not required to re calculate the current net pay of the couple and should use the approximate estimate of joint net income in any projections). 10 marks

b. Specific advice regarding the 2014/15 pension reforms. You should make clear to the couple to which pensions they are relevant and what options the couple have as a result. You must provide specific recommendations for Fergus as to the final salary scheme transfer, including the advantages and disadvantages of transferring his defined benefit scheme to a defined contribution scheme.

10 marks

c. Advice regarding any issues mentioned in the case study in relation to capital gains and inheritance taxation (provide supporting calculations), estate planning and care planning (please note that Fergus and Felicity would like to know what the potential impact of care costs could be on their future inheritances). You are expected to use 2020/21 tax year in calculations. 16 marks

d. Based upon the couple’s risk profile, recommend two separate investment portfolios for Fergus and Felicity. You should consider the funds available, clearly showing where these funds have come from (exclude pensions from this). You should also attempt to model the performance of the portfolio and whether or not it is likely to achieve the goals you stated in part a (you may ignore inflation or justify your assumptions with regards to growth rates and inflation). 16 marks

e. Provide mortgage advice to Ethan. You should identify appropriate mortgage options and comment on their affordability as well as advising Ethan about other costs (both one off and continuing) of buying a property. You should calculate Ethan’s net pay and suggest a possible monthly budget that may help Ethan manage his money in the first year. 8 marks

You should state any assumptions that you make, but you need to ensure these are from robust sources. You need to identify any information that you would need to seek clarification on from Fergus and Felicity. You are the financial advisor and you should treat the information in the case as if it has been gathered from a first client meeting. Additional information and calculations should be included as appendices. However, these must relate specifically to the case study and support the financial plan you produce. Appendices or tables are not included in the word count.
You must base any calculations on the 2020/21 tax year.
Please note this is not an essay, it is a report for the client. You should write to the client in the report. You need to ensure that any sources are referenced in text and at the end in ‘references’. You should use appropriate sections and clearly show this in a table of contents at the start of the report.

· Total 60 marks

Late submission of work

Where coursework is submitted without approval, after the published hand-in deadline, the following penalties will apply.

For coursework submitted up to 1 working day (24 hours) after the published hand-in deadline without approval, 10% of the total marks available for the assessment (i.e.100%) shall be deducted from the assessment mark.

Coursework submitted more than 1 working day (24 hours) after the published hand-in deadline without approval will be regarded as not having been completed. A mark of zero will be awarded for the assessment and the module will be failed, irrespective of the overall module mark.

These provisions apply to all assessments, including those assessed on a Pass/Fail basis.

The full policy can be found here.

Word limits and penalties

If the assignment is within +10% of the stated word limit no penalty will apply.

The word count is to be declared on the front page of your assignment and the assignment cover sheet. The word count does not include:

· Title and Contents page

· Reference list

· Appendices

· Appropriate tables, figures and illustrations

· Glossary

· Bibliography

· Quotes from interviews and focus groups.

Please note, in text citations [e.g. (Smith, 2011)] and direct secondary quotations [e.g. “dib-dab nonsense analysis” (Smith, 2011 p.123)] are INCLUDED in the word count.

If this word count is falsified, students are reminded that under ARTA this will be regarded as academic misconduct.

If the word limit of the full assignment exceeds the +10% limit, 10% of the mark provisionally awarded to the assignment will be deducted. For example: if the assignment is worth 70 marks but is above the word limit by more than 10%, a penalty of 7 marks will be imposed, giving a final mark of 63.

Students must retain an electronic copy of this assignment (including ALL appendices) and it must be made available within 24hours of them requesting it be submitted.

Note: For those assessments or partial assessments based on calculation, multiple choice etc., marks will be gained on an accumulative basis. In these cases, marks allocated to each section will be made clear.

The full Word Limit Policy is available here.

Academic Misconduct

The Assessment Regulations for Taught Awards (ARTA) contain the
Regulations and procedures applying to cheating, plagiarism and other forms of academic misconduct
.

The full policy is available at here

You are reminded that plagiarism, collusion and other forms of academic misconduct as referred to in the Academic Misconduct procedure of the assessment regulations are taken very seriously by Newcastle School.  Assignments in which evidence of plagiarism or other forms of academic misconduct is found may receive a mark of zero.

Mapping to Programme Goals and Objectives:

This assessment will contribute directly to the following Undergraduate programme goals and objectives.

1. Knowledgeable about the theory and practice of responsible business and management in an international context

Objectives, Students will be able to:

x

1.

Apply knowledge of contemporary professional practice in business and management informed by theory and research.

x

2.

Apply knowledge of business and management to complex problems in professional practice in order to identify justifiable, sustainable and responsible solutions.

2. Intellectual/Professional Skills and abilities

Objectives, Students will be able to:

x

1.

Apply effective interpersonal communication skills and the ability to work in multi-cultural teams.

2.

Produce evidence of self-reflection as a means of informing personal development planning

x

3.

Demonstrate skills and attitudes for progression to post-graduate contexts including professional work, entrepreneurship and high-level study

3. Personal Values Attributes

Objectives, Students will be able to:

x

1.

Develop an awareness of the cultural and ethical context in which international business operates.

Assessment Brief – Level Five Undergraduate

Page 8 of 10

Assessment Criteria (NBS)

General Assessment Criteria

Trait

0 – 29

30 – 39

40 – 49

50 – 59

60 – 69

70 – 79

80 – 100

Knowledge and Understanding

Unable to grasp concepts, or to present facts in a relevant way.

Some elements of knowledge apparent but question/s inadequately addressed.

Basic knowledge-and understanding of subject shown.

Work is relevant, however, confusion shown at times.

The knowledge base is judged sound and relevant.

Thorough knowledge and understanding demonstrated.

Exceptional comprehension of knowledge demonstrated.

Structure and Alignment

Often inarticulate and can be incomprehensible.

Poor structure. Content often irrelevant.

Work can lack focus, and is prone to unsubstantiated assertion or logic.

Over reliance on description rather than analysis. Perhaps some evidence of unstructured argument or illogical reasoning.

Material is well presented and organised. Occasionally, conclusions are reached on the basis of insufficient information.

Fluent and focused. Shows ability to contextualise knowledge and sustain a relevant argument or logical reasoning.

Sophisticated skill shown in formation of relevant argument or analytical reasoning.

Module Specific Marking Criteria

Page 10 of 10
You produce an exemplary financial planYou produce an outstanding financial planYou produce an excellent financial planYou produce a very good financial planYou produce a good financial planSome attempt has been made at a financialVery little has been produced asNo attempt has been made to produce
that includes the all changes to the couple’s that includes the all changes to the couple’s that includes the all changes to the couple’s that includes most of the changes to the couple’s that includes some of the changes to the couple’s plan but there are considerable omissionsa financial plan and many of the areas in thea financial plan and work does not show
income and expenditure from now until income and expenditure from now until income and expenditure from now until income and expenditure from now until income and expenditure from now until relating to the information from the case.case have been ignored or applied incorrectly.understanding of the key areas.
and into retirement based on the case information.and into retirement based on the case information.and into retirement based on the case information.and into retirement based on the case information.and into retirement based on the case information.Some of the information in the case is There is little evidence of furtherNo evidence of further research
All of the information in the case is All of the information in the case is All of the information in the case is Most of the information in the case is Some of the information in the case is considered but there is very little evidence ofresearch.No assumptions stated.
considered and further research underpinsconsidered and further research underpinsconsidered and further research underpinsconsidered and some further research supportsconsidered and some further research supportsfurther research that supports the plan.Assumptions are not statedNo attempt at scenario analysis
the plan presented, which is totally accurate and the plan presented, which is mainly accurate and the plan presented, which is mainly accurate and the plan presented, which is accurate and the plan presented, which is mostly accurate and Assumptions are not always clear or consistently No attempt has been made at scenario Work contains extensive errors and inaccuracies
evidenced.evidenced.evidenced.evidenced.evidenced.applied.analysis.Very poor presentation and communication
Assumptions made are stated and extensive Assumptions made are stated and where Assumptions made are stated and where Assumptions made are stated and limitedAssumptions made are stated and limitedNo attempt has been made at scenario analysis.Inaccuracies are apparent in the work
scenario analysis is used to necessary scenario analysis is used to necessary scenario analysis is used to attempts have been made at scenario analysisattempts have been made but no attempt hasCommunication is adequate but some parts produced.
reflect any choices the couple may bereflect any choices the couple may bereflect any choices the couple may beto reflect any choices the couple may bebeen made at scenario analysis to reflect the of the report are unclear.Poor presentation and communication
required to make and recommendations given.required to make and some recommendations.required to make and some recommendations.required to make.choices the couple may be required to make.
Exemplary communication and planning areOutstanding communication and planning areExcellent communication and planning areVery good communication and planning areGood communication and planning are
evident.evident.evident.evident.evident but plan lacks clarity in some areas.
9-108765430-2
You show exemplary knowledge of the pensionYou show outstanding knowledge of the pensionYou show excellent knowledge of the pensionYou show very good knowledge of the pensionYou show a good knowledge of the pensionYou present some advice in relation to the You give very little actual You fail to give any advice at all in relation to
reforms and apply it accurately to the case.reforms and apply it accurately to the case.reforms and apply it accurately to the case.reforms and apply it accurately to the case.reforms and apply it accurately to the case.2014/15 pension reforms but there are someadvice in relation to the the pension reforms. You may mention them
It includes accurate advice and information It includes accurate advice and information It includes accurate advice and information Information is accurate but lacks the depth of It includes mostly accurate advice and information minor errors in understanding or application2014/15 reforms.but information is inaccurate and shows a lack
in relation to the 2015 pension in relation to the 2015 pension in relation to the 2015 pension analysis in relation to pension choices but with some omissions.to the case.Any advice givenof understanding.
reforms and how this relates to all of the reforms and how this relates to all of the reforms and how this relates to all of the even though all pensions are considered.Not all pensions are considered fully and someNo clear recommendation is given or contains inaccurates and errors.No application to the case.
pensions and choices mentioned in the case.pensions and choices mentioned in the case.pensions and choices mentioned in the case.Your recommendation is both possible implications and choices are ignored.unfeasible recommendations are given You give some information about the
Your recommendation is both possible Your recommendation is both possible Your recommendation is both possible but may not be the best option for the couple basedYou make recommendations but there may bedemonstrating a lack of understanding of some2014/15 reforms but fail to relate it to the
and financially sensible for the clients.and financially sensible for the clients.and financially sensible for the clients.on the information given.minor elements of misunderstanding or omission.issues in relation to the reforms.scenario
15-1613-141210-118-975-60-4
Your advise is well reasoned,Your advise is well reasoned,Your advise is well reasoned,Your advise is well reasoned,Your advise lacks evidence of research in someYour advise lacks evidence of research in mostVery little effort to consider estate planning inArea is not applied to the client and any
well researched and evidenced clearly.well researched and evidenced clearly.well researched and evidenced clearly.well researched and evidenced clearly.areas.areas.report or there is very little effort made information is descriptive and generic.
You give exemplary detailed advice in relation to the You give outstanding detailed advice in relation to the You give excellent detailed advice in relation to the You give very good advice in relation to the You give good advice in relation to the You give some specific advice in relation to to give any information on this area.Contains factual inaccuaries and omissions
making of a will and the implications ofmaking of a will and the implications ofmaking of a will and the implications ofmaking of a will and the implications ofmaking of a will and the implications ofesate planning but do not fully address What is produced is not specific to the client.Significant information is missing.
death intestate. death intestate. death intestate. death intestate but lacks detail in some areas.death intestate but there are inaccuracies or death intestate and there are also considerableThere may be factual inaccuracies in the
You consider IHT and CGT issues fully, showing fullyYou consider IHT and CGT issues fully, showing fullyYou consider the CGT and IHT implicationsYou consider most of the CGT and IHT omissions in the issues covered from the case.other inaccuracies.information presented that are
accurate calcs as well as exemplary planning advice.accurate calcs as well as outstanding planning advice.of all the relevant issues in the case studyissues indicated in the case studyYou consider some of the CGT and IHT You consider few of the CGT and IHT significant to mislead the client.
This is all fully accurate and considers legislation changesThis is all fully accurate with some legislation impacts.and this is fully accurate and timely.and this is mostly accurate and timely.issues indicated in the case studiesissues indicated in the case studiesAdvice is confusing.
Your advice is tailored specifically to the Your advice is tailored specifically to the Your advice is tailored specifically to the Your advice is tailored specifically to the and this may contain minor errors.and this may contain errors.
client and considers a range of outcomesclient and considers a range of outcomesclient and considers a range of outcomesclient and considers a range of outcomesYour advice fails to consider a range of outcomesYour advice fails to consider a range of outcomes
where this is relevant.where this is relevant.where this is relevant.where this is relevant.where this is relevant.where this is relevant and is not always clear.
15-1613-141210-118-975-60-4
You recommend an exemplary investmentYou recommend an outstanding investmentYou recommend an excellent investmentYou recommend a very good investmentYou recommend a good investmentYou make recommendations for an investmentYou make some recommendations butYou do not make any recommendations
portfolio that is clearly demonstratedportfolio that is clearly demonstratedportfolio that is clearly demonstratedportfolio that takes into account mostportfolio that takes into account someportfolio. However, they are not consistentlittle or no evidence of any research or relationwith regard to the investment portfolio.
to be suitable for the stated purposes.to be suitable for the stated purposes.to be suitable for the stated purposes.of the criteria in the case study but not all.of the criteria in the case study but not all.with the all of information given in the case.to the case.Your answer in relation to this part is generic
Your choice of investments is well justifiedYour choice of investments is well justifiedYour choice of investments is well justifiedYou have justified your choice but some choices You have justified your choice but some choices Income projections are not given or appear Tax is not considered and ISAs are notand does not go beyond just describing
and thoroughly researched andand thoroughly researched andand thoroughly researched andare not throughly justified or evidenced.are not throughly justified or evidenced.based on little or no research. There ismentioned.possible investments but makes no attempt
this is clearly evidenced.this is clearly evidenced.this is clearly evidenced.You have considered taxation but it is unclearYou have not considered taxation or your tax no attempt to assess the ability of the portfolioNo attempt to model outcomes to relate it to the case at all.
Your portfolio reflects the requirement to Your portfolio reflects the requirement to Your portfolio reflects the requirement to whether tax liability is minimised.assumptions contain errors.to achieve stated goals.
minimise tax liability and assumptions areminimise tax liability and assumptions areminimise tax liability and assumptions areYou attempt to assess the likelihood thatYou do not attempt to assess the likelihood thatTax implications are not considered or contain
stated. Figures are fully detailed and accurate.stated. Figures are detailed and mainly accurate.stated. Figures are detailed and mostly accurate.the investments will achieve the objectives the investments will achieve the objectives errors.
You explain investment choices in a clear and You explain investment choices in a clear and You explain investment choices in a clear and stated. Your explanations are mainly clear butstated. Your explanations can lack clarityNo scenario analysis is attempted
accessible way to the client.accessible way to the client.accessible way to the client.clarity in some areas.for the intended audience.
You clearly justify any changes that shouldYou clearly justify any changes that shouldYou clearly justify any changes that shouldYou clearly justify any changes that shouldChanges to the existing portfolio are not clear
be made to any existing investments.be made to any existing investments.be made to any existing investments.be made to any existing investments.are not specifically mentioned.
Significant scenario analysis and financial modelling hasScenrio analysis has been attempted and this is mainly Some scenario analysis may be attempted.Some scenario analysis may be attempted butIt is likely that scenario analysis is not considered.
been demonstrated that is accurate and shows researchaccurate and shows research although modelling limitedmay have inaccurcies or be unrealistic
876543.530-2
You use all of the relevant information given toYou use all of the relevant information given toYou use all of the relevant information given toYou use most of the relevant information given toYou give advice in relation to most or even all ofYour advice is unrealistic in some areas or lacksAdvice, if given is unrealistic and only basedYou do not include any advice for the client or you
give exemplary realistic advice to the give outstanding and realistic advice to the give excellent and realistic advice to the give very good and realistic advice to the requirments. However, your advice lacksconsistency. on information in the case study with little ormay have included some information about
recipient.recipient.recipient.recipient.depth of research and assumptions are Not all areas are addressed and there is very no evidence of further research.the areas discussed but no specific advice.
You build a realistic assessment of financialYou build a realistic assessment of financialYou build a realistic assessment of financialYou build a realistic assessment of financialnot always realistic.research to support advice that is given.Information is descriptive and no application.
position and affordability of objectives that is fully costed.position and affordability of objectives that is fully costed.position and affordability of objectives.position and affordability of objectives.Most of the information in the case is considered.Tax may be considered but at a superficial
You support your advice with evidenced You support your advice with evidenced You support your advice with evidenced You support your advice with a limited amount ofTax is not fuilly considered or may contain somelevel and may contain errors.
research and assumptions are stated.research and assumptions are stated.research and assumptions are stated.research and assumptions are stated.minor errors.
All tax implications are accurately assessed All tax implications are accurately assessed All tax implications are accurately assessed Some tax issued are considered but not all. Your advice is reasonable.
More than one alternative has been considered.More than one alternative has been considered.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Open chat
1
You can contact our live agent via WhatsApp! Via + 1 929 473-0077

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 20% with the discount code GURUH