Let us make sure that your retirement is as golden as it should be
For many, retirement might seem like a long way off, but if you are hoping to enjoy the same standard of living you have become accustomed to after you have retired, you need to start thinking about planning for it sooner rather than later.
There are several factors to consider when thinking about financial plans for your retirement.
Exit Strategies – If you are in business, you need to consider how you will leave your company. You may withdraw from it, leaving it for the next generation, or you may sell it and benefit from the profits. If you plan to hand the business over, you will need an effective succession plan. If you intend to sell it, you need to think about how you will value the company and how you will find a suitable buyer.
At Westons we will guide you through the process of organising an exit strategy that is perfect for you and your business. We can also offer you professional tax advice when it comes to the tax implications that disposals bring with them.
Pension Provision – When thinking about financial planning for retirement, you need to think about whether you have made adequate pension provision, and if the pension you do have, is the right kind. There are many kinds of pensions open to business owners and company directors; it is vital to ensure that you have looked in to all of them extensively before selecting the one that is right for you.