Succession and Retirement Planning

We would all like to enjoy the same standard of living when we retire as we do while we’re working – but achieving this requires careful forward planning.

If you are in business, succession planning – preparing for a smooth transition of ownership – will be integral to your retirement planning. If you intend to keep the business in the family, you may need time to develop your successors’ skills and abilities to continue what you have achieved.

And if you intend to sell, you must consider issues including valuing the business and finding a suitable buyer, as well as the tax implications of the timing of the sale.

Whatever your situation, you need to think about what you actually need, in financial terms, to enjoy a comfortable retirement. This will include putting the appropriate pension arrangements, savings and investments in place, minimising your tax liabilities – including inheritance tax – and even making provision for long-term nursing care.

Our expert team can help you to achieve your goals and enjoy the quality of life in retirement that you hope for, free from financial worries. The earlier start planning for retirement, the better – so why not talk to us now?

If you would like to know more about succession and retirement planning, or would like a free initial meeting in order to discuss how we can help you in more detail, please contact us.


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Copyright 2018 Baines Jewitt
Baines Jewitt Chartered Accountants, Barrington House, 41-45 Yarm Lane, Stockton on Tees, TS18 3EA.
Tel: 01642 632032 - Fax: 01642 632034 Teesside & North East Chartered Accountants