BRIGHTER FINANCIAL SERVICES LIMITED

Planning for the Future & Retirement

Investment and Development

Investing in a business to help it grow and become successful should be part of any business owner’s retirement/exit plan. There are many tax efficient options for helping business owners succeed with regards to careful pension planning, both for themselves individually and with regards to the use of SIPPs to own business premises.

We would always encourage business owners to seek the guidance of financial planners when considering investing in their business to ensure that their business development goals can be realised in the most tax efficient way possible, benefitting the owner now and in the future.

Support in Retirement – paying into a pension through the company

If you wish to contribute to a pension, via personal contributions or contributions through your Limited Company, you could benefit from significant tax savings as pension contributions via this means can be treated as an allowable business expense and can be offset against the company’s corporation tax bill.

Pensions are the most tax efficient way of saving for retirement and they should form a central part of your financial business planning arrangements.

Businesses also have responsibilities under Auto-enrolment which applies to all employees between 22 years old and state pension age (currently going up to 66 for men and women), who earn more than £10,000 (from one job) and work in the UK.

A company pension scheme needs to be offered (even if it is not taken up) to these employees under the legislation.

We can help you:

  • Choose a personal retirement plan right for you as a business owner
  • Meet your obligations under Auto-enrolment
  • Ensure that succession planning and an exit strategy from the business meets your goals

Speak to us today to get a plan in place that helps you get the most from your business so you can benefit today and in the future.