Corporate Options
Please select your area of personal finance below
A key aim of any business is to preserve and protect its value there are two main sections that fall under this category: - protecting the business from unforeseen or planned events; enhancing the retention and recruitment of staff.
Pension Schemes
There have been many types of pension schemes and since the recent pensions simplification there seem to be more questions than before. You may have a “SIPP (Self invested pension scheme); SSAS (Small Self Administered Scheme); GPP (Group Personal Pension); GSHP (Group Stakeholder); AVCs (Additional Voluntary Contributions)” just to name a few. You may have a pension scheme that needs to be reviewed or to set up a new one. Your pension scheme can be used to help retain and entice new staff to supporting your business.
Key Person
You can protect your business against a key member of staff suffering a critical illness or death. Your business can then avoid a significantly loss in turnover or profit and could afford the replacement and training costs of another member of staff
Shareholder and Partnership Protection
You may own the company in full or in part. What would have happened to the part of the company that you own on your death? You may think that it would go to your estate, a logical thought, although the ownership can and will legally revert to the surviving business owners. Therefore, no only has your family lost you but potentially a major asset that would otherwise have been used to maintain their standard of living.
Sickness
You can remove the liability of staff sickness from your payroll.
Tax liability
You may enjoy paying tax, you may enjoy even more reducing your overall liability and at the same time as increasing your overall wealth.
Employee Benefits
You may wish to reward your staff with benefits in addition to just their salary. These can range from finance advice clinics to finding a successor to your leadership of your company.
Corporate Investment advice
You may well be one of the many companies that have achieved the goal of success. You will already have a sufficient operating capital and cash flow, the life blood of a company. What returns are you getting on the remainder of the companies money. Many banks offer deposit rates for companies far below that available to private individuals. See how you can get the best return on your spare capital.
The FSA does not regulate taxation advice