We utilise our detailed knowledge of all applicable taxes to shape Retirement and Succession strategies for our clients. Having the correct business structure, remuneration and value extraction strategy coupled with detailed knowledge of Capital Taxes form the building blocks for assisting our clients reach their financial goals.
It is important to ensure our clients have sufficient wealth accumulated for their retirement which should in our experience allow for a succession strategy to be developed for how assets/wealth may be transferred to the next generation.
Some of the key considerations in this area includes:
· Tax and financial planning to ensure sufficient wealth on retirement for the client
· Identification of assets and value to transfer to the next generation tax efficiently
· Controlled succession strategy and structures where beneficiaries are not of a suitable age or maturity to have absolute control (e.g. utilisation of Trusts, Shareholder Agreements, to retain control and/or minimise asset sale capabilities)