Business protection entails protecting the business from the financial implications of a key person/Director being unable to work in the event of their death or long-term illness. For death, a lump sum can be provided to the business tax-efficiently to cover the loss of income arising from this and the costs of replacing that person.
Businesses may also wish to cover the lives of their major shareholders to ensure there is a payment to the remaining directors should one of them die. If sufficient cover is secured on the life of a deceased shareholder, it will provide the remaining directors with capital to purchase those shares to retain them within the existing shareholder base, rather than risking those shares being sold by a widowed spouse to an external party.
Such cover is also helpful to the widowed spouse, as it will offer them immediate cash in in return for the deceased spouse’s shares.
Many employers want to offer their staff benefits in addition to the salary and pensions they already provide. Further incentives are usually tax-deductible as a legitimate business expense, and can be in the form of:
We offer a full range of financial advisory services in Liverpool, the wider Merseyside area, Manchester, Southport, Maghull, Wirral, Warrington, Widnes, Chester and the north of England to help you manage your wealth.
Make sure your business is prepared to deal with whatever is thrown at it with business protection services such as key man insurance and life cover.
Making the wrong decisions when investing money can be very costly. Our financial planning services give you the advice you need.
Whether for you or your employees, pension planning is a key part of preparing for the future. We can advise on the best options for you.
Often people have a need to ensure there is an amount of money available in the event of their death. We can advise the options that you have.
A key part of planning for your retirement is knowing what you want to get from your pension and other investments. There are many options available.
Effective tax planning is a key part of managing your finances, but it can be complicated. Our financial advice can help you find the best course.
The tax that is due to be paid on your estate when you die can be complex so planning how best to pass on your wealth is really important.
We would be delighted to help you start on your financial planning journey. Why not get in touch with us and arrange an initial chat?
If you wish to speak our one of our Independent Financial Advisers in the Liverpool and surrounding areas, we would be delighted to help you start on your financial planning journey. Why not get in touch with us and arrange an initial chat?
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