Retirement Strategies

Kingscott Dix can help you consider your personal situation when it comes to planning for your retirement. In order to achieve the same standard of living when retired as when working you may need to review:

  • The extraction of business profits – Are these being taken in the most tax efficient manner?
  • Pension provision – Arranging a company pension scheme is a very efficient way to extract profits from a business. Executive pension schemes can also be used to attract and retain key individuals. It is now possible to fund personal pension schemes to generous levels even when drawing high levels of dividend income from a company.
  • Life assurance and the provision for long term care and medical insurance for you or your spouse in later years.
  • Exit strategies from the business or succession planning. We can help with the valuation of the business, finding a suitable buyer and ensure you are made aware of all the tax implications of the timing of any disposals.

Contact us to discuss all the retirement planning opportunities open to business owners and directors. Following a review of your personal circumstances, we can recommend solutions to suit your individual needs.