Could your business be your pension?

It can be easy to assume that your business will make enough money for a comfortable retirement but what if things don’t go to plan? If you are relying entirely on your company to provide your retirement income and it fails or doesn’t perform as well as you’d hoped, you could be left with some difficult decisions. We can help you to minimize any risk by helping you to consider other ways to save for retirement.  

Business exits can be unpredictable and while you may feel that your business is performing well right now, there are many external factors that could impact its value by the time you come to retire. Changing markets, sector decline, difficulties with supply chains and other unexpected global events can be beyond your control.

A pension will ensure you can fund the retirement you want and will help you to spread risk away from your business.  Pensions can be a smart, tax-efficient way of taking profits from your business whilst saving for the future. Utilizing the very generous tax relief on pension contributions, our financial advisers will take a 360° review of your business and personal finances to help you consider your options. 

If you are in a position where your business has value now and you are thinking of exiting within the next 5 years, we can help you  plan your exit strategy and develop a plan to ensure you are able to realize the capital you need to have the retirement you want.