Tax and Audit

Retirement Strategies

Everyone would like 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 to consider is your exit strategy:
  - will you withdraw from the business, leaving it for the next generation?
  - do you have a workable succession plan?
  - will you hope to sell the business?
  - how will you value the business?
  - how will you find a suitable buyer?
  - are you aware of all the tax implications of the timing of disposals?

Pension provision

• Have you made adequate pension provision?
  
• 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?
  - high- and low-risk exposures?

Life assurance and long-term care

• Do you have adequate life assurance?
  
• Have you made provision for long-term care and medical insurance for youself and your spouse in your later years?

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

For more information, contact Bernard McKenzie on:

Tel: 01883 717077
Fax: 01883 712243
E-mail: bjmck@mckenziesgroup.com