Retirement and exit planning
Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning. A significant aspect of this may involve your business exit strategy, but other considerations include your pension, savings and investments, as well as life assurance.
Here are some important questions you need to ask yourself:
- Exit strategies
If you are in business, this will be a key consideration. Will you withdraw from the business, leaving it for the next generation, or will you hope to sell it? If you intend to sell, how will you value the business, find a suitable buyer, etc.? Are you aware of all the tax implications of the timing of disposals?
- Pension provision
Do you have an adequate pension in place? Do you have the right type of pension? Are you aware of all the pension possibilities and are you making full use of all your allowances?
- Savings and investments
Do you have the right balance between savings and investments, and is your portfolio split adequately between exposures?
- Life assurance and long-term care
Do you have adequate life assurance, and have you made provision for long-term care and medical insurance for you and your family in your later years?
Self assessment tax
Let us save you time, worry, and money by handling your self-assessment tax return. We will even offer advice on how you can reduce your tax liability.
No one wants to pay more tax than is necessary and at Kingston Burrowes, reducing your tax liability is one of our top priorities.
Where will your estate go when you are no longer around? Careful estate planning is essential to ensure your family and friends receive the benefits you want them to.
Trusts & executorships
Tax-efficient and simple solutions to put assets aside for future beneficiaries. Take advantage of our experience, to advise you on this specialist area.
Take the stress out of a tax investigation with expert help from our team. Tax Fee Protection also available.
Capital gains tax (cgt) reporting
Support to process your 30 day CGT disposal payment as required by HMRC.
Tell us your story
If you'd like to know more about how Kingston Burrowes can help manage your business or personal accounts, talk to one of our friendly team today.