Business growth is not just about increasing business activity and making greater profits. It’s also about maximising the investments you make with those profits and securing the successful continuity of the business.
We make it our business to understand your business – and we appreciate that no two organisations are the same, even though they may operate in the same environment.
We aim to build strong relationships that are supported by a service-driven culture and strengthened by advice tailored to individual circumstances and aspirations.
If you are an employer, you may have an obligation to provide pension arrangements for your employees. This gives you an opportunity to offer a valuable benefit to your staff, but has benefits for you too. Offering a range of staff benefits will improve your chances of recruiting and retaining high quality staff, and there are a number of schemes available for you to consider.
We can advise on a holistic basis, covering the entire business needs or focus on a particular aspect such as:
If a business is to continue trading beyond the working life of its key owners or directors, then careful planning is needed. Factors that those involved in the business will need to consider will include:
At Ward Goodman we have a range of specialists that can review and advise upon these succession and exit planning issues. We can ensure that the right pension and investment arrangements are put in place to achieve the objectives of both the departing director/owner and those in whose hands the business has been left.
As truly independent financial advisers, we will ensure that you are aware of all the opportunities available to your business.
One potential opportunity would be to establish a relevant life policy (RLP) which is a stand-alone single life insurance policy. It is an alternative way for employers to give death-in-service benefits to their employees outside of a registered group life scheme. There are a number of advantages of RLPs for both employees and employers. The policy payments can be treated as an allowable expense for the employer in calculating their tax liability and in most cases the benefits are paid free of Inheritance Tax provided the policy is established in the correct manner.