Retirement strategies in Kent
Everyone hopes to maintain the same standard of living in their 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. When will you withdraw from the business; will you be 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; how will you find a suitable buyer? etc. Are you aware of all the tax implications of the timing of your exit plan?
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 insurance cover 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.
