To reflect these unprecedented times and anticipate a potential need for financial reassurance around wealth and future plans, we are extending assistance to anyone with wealth worries. Please click to book with Kevin Deamer - selected dates during May and June.More Info
Broaching the subject of retirement or the sale of your business with those having an emotional or vested interest in its continuation can be hard. Trying to plan ahead while still keeping others motivated can be a difficult process.
Over the years we have spent thousands of hours talking to business owners about their challenges. This has given us the experience and knowledge to be able to provide constructive support if you need a sounding board or confidant. Creating an environment in which you will feel able to articulate your thoughts and concerns, as well as your intentions, is a key element of the service we offer you.
Planning early for your tax efficient exit or pension provision is critical. It can save you, your partners and family not only tax, but the worry of any disputes that may arise. Careful thought and advice can provide a clear route to exit.
Another consideration is the impact of a business owner’s premature death. Without careful planning, your sudden demise will inevitably leave your beneficiaries and business partners with ownership, valuation and operational challenges.
We help structure agreements that can help mitigate any potential conflict that could arise between the beneficiaries of your Will and your business partners. In the case of a family business, detailed plans can remove the extra stress that succession frequently causes between family members.
It is important to ensure that you and your dependents are protected if you become ill as it has the potential to impact on your business. There are several different insurance routes available and we can advise on putting appropriate cover in place.
Cash deposits within corporate balance sheets can be one of those assets put to one side to ‘manage tomorrow’. Often sitting in low interest bank accounts, they are likely to be earning less than inflation. Whatever the scenario, it makes sense to maximise returns, taking into account any relevant operational needs and possible access requirements.
Talking through your challenges with an experienced senior planner can be a highly valuable first step in helping you move to the next stage in your life.
Whatever the scenario, we are able to provide you with advice and guidance.
“My wife and I wanted to stop working before we were 60 but lacked the financial confidence to take such a big step. We were looking at how to get our finances in the best possible shape to permit early retirement, but couldn’t put a figure on what we needed to be comfortable in the future. Kevin made it possible for us to get a clearer picture. He showed us how by adjusting our pension income requirements to demonstrate that we could afford to retire when we wanted. So you could say we got our ‘retirement confidence’ from him”