Retirement Planning

Preparing to Sell and Selling a Company

Like most people, you are probably aiming to enjoy a similar standard of living in retirement as you are during your working life but achieving it means that you need to plan in advance.

Exit Strategies

If you are in business then deciding on the right strategy is essential to minimise disruption with colleagues, customers and suppliers.

• Will you withdraw from the business, leaving it for the next generation to manage – or would you prefer to sell it?
• If you intend to hand the business over, do you have a practical workable succession plan?
• If you intend to sell, how will you value the business or find a suitable buyer?
• You also need to be aware of all the tax implications resulting from the timing of the disposal?

Pension

• Have you made adequate provision and how easy will it be to turn the assets into cash when you start to drawdown?
• Are you contributing into the right type of Scheme?
• Are you taking advantage of the pension tax breaks available to directors and business owners?
• Are you making full use of your allowances?

Savings and Investments

• Do you have the right mix between savings and investments, and between high and low risk products?
• Do you have Life Assurance and Long - Term Care plans?
• Have you made provision for long term care and medical insurance for you and your spouse in your later years?

We can help you through all of these issues and recommend solutions tailored to your specific needs.

It would also be sensible to consider how issues such as estate planning, trusts and executorships can become a part of your retirement strategy.

To find out more or if you would like to arrange a free initial consultation where you can discuss how you want us to listen and help in more detail, please call Alan or Gillian on 01302 311777. Alternatively you can email alan@ar-accountants.co.uk or gillian@ar-accountants.co.uk