Newton Magnus

Chartered Certified Accountants & Registered Auditors

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Retirement Strategies

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning.


Here are some important questions you need to ask yourself:

 

Exit strategies

If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from the business, leaving it for the next generation, or will you hope to sell the business? If you intend to hand the business over, do you have a workable succession plan? If you intend to sell, how will you value the business, find a suitable buyer, etc.? Are you aware of all the tax implications of the timing of disposals?

 

Pension provision

Do you have an adequate pension in place? Do you have the right type of pension? Are you aware of all the pension possibilities open to business owners and directors? Are you making full use of all your allowances?

 

Savings and investments

Do you have the right balance between savings and investments, and is your portfolio split adequately between exposures

 

Life assurance and long-term care

Do you have adequate life assurance, and have you made provision for long-term care and medical insurance for you and your family in your later years?


We can help you answer all these questions and recommend solutions tailored to your particular needs.

 

Construction industry

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Working in the construction industry?

Fed up with wasting time form filling and dealing with the paperwork?  We can prepare your monthly statements for you and submit them online should you require it.  This leaves you to get on with chargeable work.

Subcontractor?  We offer great rates to complete your tax returns.

Why not contact us for a free consultation.

Companies

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Using a company has its advantages and disadvantages when compared to being a sole trader or Partnership.                            
Some thought is needed to ensure it is the best business form for you.

We can do quick company formations including tax and VAT registration.

To compare a company with a sole trader please click here

Why not contact us for a free consultation.

Sole Trader or Partnership

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Working for yourself can be very fulfilling.  It can also be very demanding. We aim to provide a flexible service to fit around your needs, whether it be an early morning or early evening appointment, contact by phone, email or fax.

Why not contact us for a free consultation.

Latest News

  • Disclosure opportunity for landlords

    11/09/2014 - More...

    Landlords that may owe tax, whether through misunderstanding the rules or deliberate evasion, are being targeted by HMRC

  • Exemptions from CGT

    11/09/2014 - More...

    Capital Gains Tax (CGT) is a tax on the profit made on the disposal of an asset that has increased in value. Whilst most

  • Online trader jailed

    11/09/2014 - More...

    An online trader has been sentenced to two years in jail for failing to declare the sales he made online. John

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