Gee and Watson

Many business owners wrongly believe that 'my business is my pension'

Our experience is that the value of a business can change rapidly, and that many owners over-estimate the value of their business. Often, such owners do not receive anywhere near the sale value which they had hoped for, when considering their retirement.

Establishing a suitable pension arrangement will enable you to build a retirement fund, which is independent of your business. Such a fund will provide extra security, should your business not succeed, or it can be utilised to supplement the capital which you receive when you choose to sell your business. Additionally, contributing to your own retirement fund could reduce your tax and national insurance contributions.

You may also wish to establish a pension scheme for key employees, as a means of rewarding and retaining their services, and as a means of attracting new high calibre employees.

Our independent business advisers would be pleased to help you, so please call us on 0151 342 6496, or email us and a dedicated business adviser will contact you.

 

Corporate Planning | Director Pensions | Business Protection