Retirement Strategies

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning.


Here are some important questions you need to ask yourself:

 

Exit strategies

If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from the business, leaving it for the next generation, or will you hope to sell the business? If you intend to hand the business over, do you have a workable succession plan? If you intend to sell, how will you value the business, find a suitable buyer, etc.? Are you aware of all the tax implications of the timing of disposals?

 

Pension provision

Do you have an adequate pension in place? Do you have the right type of pension? Are you aware of all the pension possibilities open to business owners and directors? Are you making full use of all your allowances?

 

Savings and investments

Do you have the right balance between savings and investments, and is your portfolio split adequately between exposures?

 

Life assurance and long-term care

Do you have adequate life assurance, and have you made provision for long-term care and medical insurance for you and your family in your later years?


We can help you answer all these questions and recommend solutions tailored to your particular needs.

 

Latest News

Less is more – MTD regulations relaxed
20/05/2019 - More...
Starting from April 2019, most VAT-registered businesses that have a taxable turnover over £85,000 are required to

Claim for money owed to you
20/05/2019 - More...
If you are owed money by an individual or business, there is a procedure you can use called making a court claim. This

Reasonable excuses for late payment or filing
20/05/2019 - More...
There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. As a first step, it may

Search News


Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login

» Cookie Policy

» Privacy Policy

Social Media

twit-new