How to recover quickly and minimise the impact should the worst happen
Whether you’ve been in charge of a successful business for several years or have only recently started up your own enterprise, it’s important to understand the challenges and potential pitfalls and to think of ways of minimising their impact.
Tax benefits could make a big difference to your future wealth
You’ve nurtured your business, but have you paid the same attention to your retirement plans? Some business owners focus a lot of time and energy on making plans for the future of their business, but when it comes to their personal financial future, many discover they are ill-prepared.
Preparing yourself, your family and your business for the future
The operational demands of running a family business or other closely held enterprise can be all-consuming, but business leaders must take the time needed to assess their organisation’s business succession planning.
Don’t jeopardise the livelihood of your family and your business partners
Owning a business is time-consuming. Your focus is on managing the day-to-day tasks while growing the business. There’s little time left to think about anything else, especially what would happen if something happened to you. Not having an estate plan in place risks undermining a lifetime of work and jeopardising the livelihood of your family and business partners.
Contributing additional amounts to your pension stands to benefit you significantly in the long term
Recent research findings have brought to light a striking observation: fewer than 10% of adults in the UK contribute occasional lump sums to their pensions[1]. This statistic is particularly surprising given that such contributions could significantly amplify one’s retirement savings.
