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?

KCAS can help you to answer all these questions and recommend solutions tailored to your particular needs.

The sooner you seek advice from an experienced specialist, the greater the opportunities to ensure you make the choice that is right for you and your business.

KCAS provide initial explorative consultations, held at our offices, which are undertaken free of charge and overseen by one of our qualified Accountants.

Act now and contact KCAS today to arrange a consultation

Tel: 44 (0)208 441 2000
E-mail: kas@kelmanson.com