Business Owner Pensions Planner
As a business owner you will be used to producing business plans to manage and develop your business; you may not apply the same discipline to creating a Directors Pension plan. If you have a pension in place, you may not have reviewed your own investments for some time; they might not be appropriate for your current circumstances or for your longer – term pension goals.
Business owners have the flexibility to determine exactly when you will stop working but you need to plan what will happen to your business after you retire. You have a variety of options to explore with your business. A pension fund in the background is a good safety net.
Pensions remain one of the most tax-efficient ways for business owners and company directors to save for retirement. Using the business to find a pension is one of the most effective ways of extracting capital from a company.
When you are busy running your own company it is important to establish a Pension structure relevant to your needs is properly established. We have advised many owner-managers of businesses over many years, helping them to establish and maintain suitable pension plans. Please contact our independent financial advisers at People and Business to discuss your requirements. Click here.