Retirement Strategies

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. 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 will 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?

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.

Richard Thompson and David Wright are also directors of TW Financial Planning Ltd, a company authorised by the Financial Conduct Authority. In that capacity, advice on a wide range of personal and corporate financial issues can be given in tandem with our own specialist tax knowledge. This allows us to provide a seamless comprehensive service to clients.

To take you to our TW FINANCIAL PLANNING website click here

Contact us for a free no obligation meeting

…Thompson Wright offer a comprehensive integrated accountancy service above and beyond that provided traditionally by an accountancy firm.

Watch our video