Working with business clients

Business clients financial advice photo
The loss through death or long term illness of one of the business ‘drivers’ can be devastating

Some business people can spend so much time making a success of their company that they may not always have time to stand back and consider its financial planning needs. This is only natural, as the day-to-day demands of managing any business can be so challenging that there is little opportunity to think of anything else.

Yet any business can benefit from undertaking a comprehensive review of its long term investment, protection and tax planning needs.

This may involve protecting the business from financial loss if a key person dies or is unable to work for an extended period as a result of an accident or illness. It might also be necessary to plan an exit strategy for the business owners to provide them with a secure and comfortable retirement.

As part of a comprehensive review, it could be that the attractions of purchasing commercial premises via a Self Invested Personal Pension Plan (SIPP) also need to be considered.