DHC Accounting

Unit 7, Lillyhall Business Centre
Jubilee Road, Workington
Cumbria, CA14 4HA
Tel: 01900 64464 - Fax: 01900 64466

Search News


Retirement Strategies

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning.


Here are some important questions you need to ask yourself:

 

Exit strategies

If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from the business, leaving it for the next generation, or will you hope to sell the business? If you intend to hand the business over, do you have a workable succession plan? If you intend to sell, how will you value the business, find a suitable buyer, etc.? Are you aware of all the tax implications of the timing of disposals?

 

Pension provision

Do you have an adequate pension in place? Do you have the right type of pension? Are you aware of all the pension possibilities open to business owners and directors? Are you making full use of all your allowances?

 

Savings and investments

Do you have the right balance between savings and investments, and is your portfolio split adequately between exposures

 

Life assurance and long-term care

Do you have adequate life assurance, and have you made provision for long-term care and medical insurance for you and your family in your later years?


We can help you answer all these questions and recommend solutions tailored to your particular needs.

 

Latest News

New Finance Bill to be published
19/07/2017 - More...
The government has confirmed that a new Finance Bill will be introduced as soon as possible after the summer recess. The

Making Tax Digital – common sense prevails
19/07/2017 - More...
A new timetable for the introduction of Making Tax Digital (MTD) has been announced. The new regime was due to start

Class 1 NICs zero rate band
19/07/2017 - More...
Many director shareholders take a minimum salary and any balance of remuneration as dividends. This tends to reduce

Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login

 

 

Copyright © 2013 - DHC Accounting

Cookie Policy