Retirement Planning
Retirement planning
Everyone hopes to maintain the same standard of living when they retire as they presently enjoy while working. It’s always a good idea to plan for this day.
Questions you need to ask yourself
Exit strategies
If you own a business then one of the first things that you will need to consider is your exit strategy. Will you resign from the business and leave it to the next generation or will you sell it. If you intend to pass the business down do you have a workable succession plan in place, or if you intend to sell how will you value the business, find a suitable buyer, etc. And then there’s the need to consider and plan for the tax implications.
Pension Provision
Have you made adequate pension provision, and 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 between high and low risk 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 spouse in your later years.
We can help you answer all these questions and recommend solutions tailored to your particular needs.
How much is it?
Once we understand your requirements and how much help you would require, we will provide you with a price before we start any work. Please contact us further information.
Frequently asked questions
What if I don’t know how much I’m going to have in savings and investments by the time of my retirement? We can undertake some scenario planning, i.e. look at the best and worst case scenarios and then take it from there.
Should I start paying more into my pension? This really would depend on what other investments you have, the potential tax breaks involved and so many other factors.
When should I draw from my pension? This would very much depend on your other sources of income.
Can you sit in meetings with me and my financial advisor? Yes. We are happy to attend these meetings to ensure that everyone is on the same page when it comes to meeting your retirement goals and aspirations.
I need specialised financial/investment advise, can you introduce me to a financial advisor? Yes. We partner alongside various FCA regulated financial advisors that we can put you in touch with.