"My business is my pension"
Pension funds can form part of your exit strategy. If you plan to sell the business as one way to fund your retirement, paying large contributions into an executive pension plan can provide an income and reduce the capital gains tax when you sell. There are decisions to be made in and around legacy planning, and it’s important to understand that if you decide to sell your business, you can never predict what it will be worth. That’s why having a company pension as part of executive retirement planning is important. It might be worth you taking a look at our business exit planning guide and our retirement planning guide to build a good overall picture of all the things you might need to take in to consideration.