Knutsford Corporate Retirement Planning

Knutsford Corporate Retirement Planning

When the time arrives for a business owner to consider Knutsford retirement planning, the first thing that comes to their mind should be how to achieve the most tax-efficient way of extracting profits from the business. A Knutsford corporate retirement planning review can help create a plan for a continued income after the sale of the business.

Most business owners have not yet taken advantage of all of the tax planning opportunities available to them, and they are missing out on many opportunities to build up their retirement funds to a greater extent.

When the business is the owner of assets, for example the buildings it is run from, it may actually make sense to make a pension scheme the owner of these instead of the business.

Knutsford Corporate Pension Advisor

Knutsford Corporate Pension Advisor

A Self-Invested Personal Pension (SIPP) can hold many different types of assets. You can use it to hold company property, bonds, shares and cash. It is a good choice for companies that wish to purchase the premises they trade from. The business then makes rental payments direct to the SIPP.

Business property relief (BPR)

Your retirement could be funded by the sale of your business and so assessing if you can claim BPR on the sale may be the key to a successful retirement.

Self-Administered Scheme (SASS)

A SASS is similar to a SIPP but has the additional ability to lend money (up to half the accrued value) back to the company.

Corporate Pension Planning Knutsford

Corporate Pension Planning Knutsford

There are other schemes to consider when you are planning for retirement. Tax, cash flow and your attitude to risk are all to be factored in.

A member of our Knutsford corporate retirement planning team can talk through your business and retirement plan and help you put everything in place.

Book your FREE Knutsford financial planning and Knutsford retirement planning review today with a Knutsford IFA by calling us on 01565 817122.

Are Annuities Still A Viable Option For Retirement Planning?

Are Annuities Still A Viable Option?

Annuities are retirement products that guarantee you with a regular income after you retire.

You choose a provider, pick an appropriate annuity to suit your needs and, in exchange for some or all of your pension savings, the annuity provides income until you die.

The use of annuities has declined markedly in recent years, with figures from the Association of British Insurers suggesting sales have fallen by as much as 80% since 2014.

Research from the Financial Conduct Authority reflects this trend, with year-on-year annuity sales down 16% in the six months to April 2017.

This is partly due to the fact that, following former chancellor George Osborne’s introduction of pension reforms in 2015, people now have more options when it comes to planning their retirement.

However, are annuities still a viable retirement planning option to consider in 2017?

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Inheritance Tax On Agricultural Property

Agricultural Property Relief
There is a specific relief that relates to certain agricultural property situated in the UK, Channel Islands, Isle of Man and in the EEA (European Economic Area). Qualifying agricultural property can be passed without inheritance tax as a lifetime gift or upon death.

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Inheritance Tax On Property

Inheritance Tax On Property

Inheritance tax on property is to be paid if the taxable value of the estate (with any gifts made by the deceased added on if they were made in the seven years prior to their death) exceeds the nil rate band. The rate of inheritance tax on property is currently 40%.

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Why Choose us

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Investment portfolio review

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Cash flow modelling

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Fully Independent

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FCA regulated

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Financial planning

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Estate planning qualified

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Pension transfer specialists

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Occupational pension specialists

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All types of mortgages

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Care fee planning

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Low cost fees

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Corporate planning

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Wealth management

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Retirement planning

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Inheritance tax mitigation

Not sure what's right for you? Let us help you decide.

BOOK A FREE RETIREMENT PLANNING REVIEW