Protection Planning

What happens if a shareholder and/or key person involved in the business (owner, director, key salesperson, technician) dies or has a critical illness such as heart attack or stroke?

Key person cover provides a lump sum to allow the business to continue, help with recruitment cost, assist with turnover or however the funds need to be used. Shareholder protection cover provides a lump sum to the business to buy back the shares from the new beneficiaries, if they wish to.Otherwise, the new business partner could be the old business partners spouse, who may have no skill or interest in the business.

Investment Planning

To look at the most tax efficient way of investing, using the whole of the market. We will try to source the most competitively costed product based on your objectives, size of investment and the level of service needed.

This may involve the use of a platform, which will allow access to a great number of providers’ funds, not just a single providers’ funds; opening up a wealth of options such as Managed Funds, Model Portfolio Services, Discretionary Management and Bespoke Portfolios.

Pension Planning

Advice on Profit extraction for business owners through pension contributions. Weighting up with business owners should utilise Personal Pensions, Self-Invested Personal Pensions (SIPP) or even Small Self-Administered Schemes (SSAS) for their pension planning, depending on their individual objectives e.g. is a loan from the pension needed? Does the pension need to gear? Is a specialist investment needed, such as individual shares or commercial property (including those of the sponsoring employer)?

Employee Benefit Packages

Employee benefits improve employee retention and morale. They are seen as a valuable add on to salary. We can provide advice and implementation for different types of Group Schemes:

  • Group Life – a lump sum should an employee die.
  • Group Critical Illness Benefit – a lump sum should an employee be diagnosed with an illness such as heart attack or cancer.
  • Group Income Protection – an income paid should an employee be unable to work due to accident or ill health, to selected retirement age. This can also provide for pension contributions to continue, if the income is paid to the employee via payroll.
  • Group Private Medical Insurance.
  • Workplace pension schemes (automatic enrolment) – in line with new legislation.