Retirement Planning

It's never too soon to start your retirement planning, let Stephenson Smart help you make the right choices.

If you're planning for retirement, there are many questions to ask and Stephenson Smart has the knowledge and experience to help guide you through the entire process.

Whether you are looking to sell the trade and assets of your business, or just the assets or even pass the business on to the next generation we can assist to formulate a suitable exit strategy.

Upon retirement and withdrawing from your business you may fall inside the scope of a wide variety of taxes, from capital gains tax to income tax, VAT, Stamp duty reserve tax, Stamp duty land tax and maybe even inheritance tax. We can work with you to plan in advance and ensure that you take full advantage of all the potential reliefs that exist for you when planning your retirement.

We have helped many clients maximise the process of their withdrawal from their business through the utilisation of reliefs and allowances such as:

  • Business property relief,
  • Entrepreneurs relief,
  • Gift relief,
  • Holdover/Rollover relief,
  • Annual exemptions,
  • Personal allowances,
  • Intra spousal transfers,
  • Terminal loss relief.

Pension Provision

We can assist in ensuring that taxation is minimised whilst at all opportunities maximising value. We will ensure that you are making the most of the allowances that are available to you as an individual in a time of ever changing legislation.

We offer a wide variety of services in order to maximise your wealth during retirement, which include:

  • Recommending solutions tailored to your needs,
  • Advising of all pension provisions available to business owners and directors,
  • Managing the transfer of your business from one generation to another,
  • Claiming the maximum reliefs and allowances on ceasing trade and moving into retirement.

Contact Stephenson Smart