We normally work long-term on retirement strategies with our clients, but DNS is always pleased to work with newly registered clients as well on this very important aspect of personal wealth and tax planning.
Our retirement strategies involve long-term advice and planning. This includes the list of tips below. Of course, as said, retirement planning is best carried out long-term, but there are some great short-term strategies too. Get in touch to arrange free consultation.
We can assist by putting you in touch with the following independent financial advisors and providers, for:
Pensions
Life assurance
Investments
Critical illness
Income protection
Mortgages
Elderly care
Private medical
School fees planning
We offer:
Regular blogs and newsletters related to business, tax- and retirement planning
Regular tax planning meetings (normally annually, but as often as you require)
Advice to ensure you are taking advantage of your full annual and lifetime pension allowance within your means
Regular review to ensure you don’t exceed your lifetime allowance
Full asset audits
Advance tax planning in light of your right to withdraw and draw down your pension when you reach age 55 or pensionable age
Advice on running a small self-administered scheme
Advice on inheritance tax and pensions
Seven hot tips that help build effective retirement strategie
Check that you make the most of your tax-free pensions allowance (£40,000 2017/18); carry forward from previous three tax years if appropriate
Check that your savings allowance is being used up
Pay a maximum into your workplace pension and the company pays the maximum pension contribution for you too
Do you plan to hold on to your business for a few years after retirement and then sell, or do you have plans for some other sort of exit strategy? Plan well ahead to make the most of your business assets
Make use of your annual capital gains tax allowance
Remember to include your family members, start making gifts within the allowed amounts
Accrue assets in spouse’s and children’s names where you can.
Checking your retirement investments annually is crucial. At DNS, each year, clients meet to discuss retirement strategies face to face, one to one with their account manager, in order to plan for the year ahead and the years ahead, so why not join them.
