Financial planning for Business Owners
Protecting what you’ve built
Your business is part of your life, your family's future and the plans you are working towards. Your financial planning should bring those things together.
We help business owners and company directors consider how to protect their business, plan for retirement and prepare for what comes next, alongside their personal finances.
What would the loss of an owner or key person mean for your business?
Wealth Lab can help you review the financial impact of death or serious illness and consider appropriate protection. Depending on your circumstances, this may include key person cover, shareholder or partnership protection, and cover for business borrowing.
We’ve produced a comprehensive guide for business owners and you can request this by completing the form to the right.
We can work with your accountant and solicitor where appropriate.
Business Protection
A plan for your business - and you
Running a business brings decisions that reach beyond the balance sheet. What would happen if a key person could no longer work? How could today's profits support your future? And what would you want to happen when you step back?
We start with a conversation about your business, your priorities and the people who depend on you. From there, we help you identify the areas that need attention and consider the options available.
Request your ‘Protecting What You’ve Built’ guide
Request your ‘Pensions for Business Owners’ guide
Directors' pensions and profit extraction
How could the value you create today support your future outside the business?
At Wealth Lab we think it is important that you not only consider how you extract money from your business to support day to day expenses, but also how it can be used tax efficiently to provide for you later in life.
For company directors, we can consider the role of employer pension contributions within wider remuneration and retirement planning. We will look at your existing pensions, your retirement goals and the balance between money available now and money set aside for later.
Working alongside your accountant where appropriate, we can help you consider how pension planning fits with salary, dividends and the needs of the business.
You can download our free ‘Pensions for Business Owners’ guide by completing the form opposite.
What would you like to happen when it is time to step back?
Whether you are considering a sale, passing the business to family or making a gradual transition, your personal financial plan can help inform the decisions ahead.
We can explore the income you may need, how much of your future depends on the business and how your other assets could support your plans. Where legal, valuation or specialist tax advice is needed, we will work alongside the relevant professional advisers.
Succession planning & your next chapter
Personal Financial Planning
Helping provide for you and your family
Your business matters. So do the plans you have beyond it.
We bring your pensions, investments, savings and protection into the wider conversation, considering your family’s needs and the life you want to lead.
Whether you are building financial security, preparing for retirement or thinking about what you want to leave behind, we help you consider how your business and personal finances fit together.
As your circumstances change, your planning can be reviewed with you.