Retirement Strategies

These days, with increasing life expectancy and advances in healthcare it is not uncommon for people to live for twenty to thirty years after they retire. This can be more than half the time they spent working! 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.

Ensuring adequate income for life in these circumstances requires careful planning across a wide area; 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
  Have you made adequate pension provision, and 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 between high and low risk 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 spouse in your later years.

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

Our professional team can help you draw up and implement a comprehensive retirement strategy - giving you peace of mind to enjoy life to the full now and into the future.

Call 0161 886 5000 today to discuss how we can help you plan effectively for your retirement.