Goodier Smith and Watts

Devonshire House
Manor Way, Borehamwood
Hertfordshire, WD6 1QQ

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

Tax when you sell a business property
10/06/2021 - More...
There are various methods at your disposal to reduce or delay the amount of Capital Gains Tax (CGT) when you sell a

Private residence relief
10/06/2021 - More...
There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence (referred to by HMRC as

Changing a company accounting date
10/06/2021 - More...
There are special rules which limit the ability to change your company’s year end date. A company’s year end date is

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

 

 

ICAEW-BLK RGB  

 

Save

Save

Copyright © 2021 - Goodier, Smith and Watts

Cookie Policy | Website Privacy Policy                                                                                                                                                                                                                                                         

Registered in England under the number 3724657