A married couple with a child aged 10.

  • They own a house with a mortgage and have a good amount in cash savings

  • The wife is co-owner of a successful growing business

  • A concern is what happens if she or her business partner dies or is seriously ill and unable to work

  • As a couple, they are earning much more and want to look towards future retirement planning

  • The wife is taking dividends rather than a salaried income from her business and wants to know how this will affect her retirement planning

  • They want to make sure they are regularly saving as tax efficiently as possible

  • They would like their child to have a private education so want to look at school fee planning with their existing savings

Our Advice

  • Formulate a strategy to define short, medium and long-term objectives

  • Explain the different Protection options available to cover the family but also outline the business protection options, to cover both them and their business partner

  • Review the business arrangements to make tax efficient retirement contributions

  • Analyse the tax efficiency of any remuneration paid out of the business now and how this may impact their retirement planning in the future

  • Review existing savings and investments, incorporating this into any requirement to cover expenses, such as school fees

  • Working closely with specialists, in areas such as mortgages and wills, review existing arrangements to sure that they are in line with your objectives


How do you take it?
We’ll get the kettle on