UK life expectancy is increasing, which means that many people will be looking forward to a retirement that could last 20 years or more.
At the same time, it is crucial to make appropriate pension arrangements. By taking action now, we increase the likelihood of enjoying financial security in later life. While the government has introduced automatic enrolment into workplace pensions, many people can also benefit from making personal pension arrangements.
At Salhan Accountants, we work closely with an experienced pension provider who can give expert advice on affordable, cost-effective pension options that could make a significant difference to your quality of life in the years ahead.
For business owners, planning for retirement also includes thinking about your exit strategy, whether you intend to pass the business on to the next generation or sell to your existing management team or an external buyer.
If you intend to hand the business over, forward planning is essential to ensure your successors have the skills and knowledge to take over while if you plan to sell, you need to take steps well in advance, for example to maximise the enterprise’s value and minimise any tax liabilities.
Our team can provide expert advice to help you ensure a smooth transition and achieve the maximum return on your hard work and financial investment in your business over the years.
To find out more about how we can help you, please contact Salhan Accountants in Edgbaston, Birmingham.