No matter what stage you are within your business life or your business cycle, you should give consideration to what is going to happen when you stop working.

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. Retirement planning is about having sufficient resources to meet you and your family’s needs when there is no longer any business income.

We can help you consider the important questions relating to retirement and set a time line against your objectives to establish whether there is a ‘funding gap’ which needs to be bridged.

If you are in business, we can help you plan your exit strategy. Whether you intend to hand the business over to the next generation or sell, there are many tax implications that need to be considered.

This is not a one-off process. Your business changes over time and in the same way your family circumstances also develop. Age of children, child care, school fees, university fees and weddings all place different financial pressures at different times. Caring for relatives, inheritances and other wider family situations will vary.

Your retirement plan should be a document that you review and modify, which results in positive action and management of your personal affairs. We are here to assess your ‘risk profile’, advise and assist you in this process and ensure that you are receiving appropriate professional advice along the way. Contact us to make an appointment.