One of the most important aspects of succession planning relates to the personal financial implications of growing your business and then subsequently transferring the ownership of that business.
Your hard work and determination is part of your success and RSM Tenon recognises that it is vital that you have financial security, can protect your personal and business assets, are able to safeguard the financial health and welfare of your family and maximise the return on your financial investments.
Our financial management advisers will help you with financial planning, both personally and for your business. Ours services include:
Personal financial planning:
- Protection for your family - including life assurance
- Tax efficient saving plans - for lump sums or regular contributions
- Retirement planning - changes in legislation and life expectancy have made it vitally important to plan income for leisure years
- Estate planning - we can help to make sure that as much of your wealth as possible passes to your family and beneficiaries and not to the taxman
- Investment and saving schemes
Financial planning for the business:
- Protection of your business assets - including your key personnel
- Corporate protection and critical illness cover - in the event of untimely death or illness of key people
- Structuring your pensions and employee benefits - to maximise their benefit for directors and employees
- Investment opportunities - to maximise tax advantages and possible tax deferral on profits