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
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
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.