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