Retirement Strategies

Everyone hopes to maintain the standard of living in retirement that they presently enjoy whilst 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 do 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? Are you preparing the business to maximise sale proceeds?

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 your allowances?

Savings and investments
Do you have the right balance between savings and investments, and between high and low risk exposure?

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 later years? We can help you answer all of these questions and recommend solutions tailored to your specific needs.