Business Strategy
Running a business is becoming increasingly complex with employers now taking on greater responsibility for employee welfare. Government continues to shift this to the employer and business owners also need to plan their own financial affairs. We can help in providing advice in the following areas:
Business Planning:
How would you cope if a key person in the business was not there due to illness or death? We can provide solutions tailored to your circumstances for key person cover that will provide a lump sum if you suffered such a loss.
Shareholders and Partner Protection:
In many businesses the owners do not consider the impact on the business if they died. How would your estate deal with your share of the business? Is any life insurance written in the correct way to mitigate tax on the payout? We work with many business owners in either company or partnership structure to provide appropriate solutions.
Company Pensions:
We can help you set up a company pension scheme or even review any existing scheme that you may have in place. Salary sacrifice is an underutilised arrangement that can be an effective tool in helping employers reduce national Insurance costs and also be beneficial to the employee. Contact us to find out more.
Nest Pension scheme:
For the first time legislation will come into place that will compel UK employers to have a pension scheme in place and to contribute to that scheme. This is a complicated process that is being phased in and carries severe financial penalties for non compliance. We can help to advise you on the implications for your business, the timescale unique to your business and can then work with you to ensure that you meet all your requirements.
Group Healthcare Scheme:
We can also advise you about private medical insurance using a group scheme that will normally be cheaper than individuals taking their own policies. We work with reputable providers to give your staff the peace of mind that their healthcare is in good hands.