Altrincham Corporate Retirement Planning
When the time arrives for a business owner to think about their Altrincham retirement planning, the first thing that comes to mind should be the most tax-efficient way of extracting profits from the business. An Altrincham corporate retirement planning review can then be used to plan for a continued income after the business is sold.
Most business owners have not taken advantage of all of the tax planning opportunities available to them, and so they are missing out on opportunities to build up their retirement funds more each year.
When the business owns assets, for example buildings, it may make sense to make a pension scheme the owner of these instead.
Altrincham Corporate Pension Advisor
Setting up a Self-Invested Personal Pension (SIPP) allows you to hold many different types of assets. You can use it for company property, bonds, shares and cash. This is a good choice for companies that wish to purchase the premises from which they trade. You then make rental payments to the SIPP on behalf of the company.
Business property relief (BPR)
Your retirement might be funded by the sale of your business and so assessing if you can claim BPR on the sale may well be the key to a successful retirement.
Self-Administered Scheme (SASS)
A SASS is similar to a SIPP but has the additional ability to loan money (up to 50% of the accrued value) back to the company to assist with financing.
Corporate Pension Planning Altrincham
There are some other schemes to consider when you are planning your retirement. Tax, cash flow and your attitude to risk are all factors.
Asking a member of our Altrincham corporate retirement planning team to talk through your business and retirement plan will help you put everything in place.