|
10 February 2009
Pensions Folklore & Fact: 'My company is my pension'
Clerical Medical relaunches Pensions Folklore & Fact today with the fifth chapter of its adviser guide series - 'My company is my pension.' The series now fully updated and in the new Clerical Medical branding, is designed to help independent financial advisers dispel the common myths surrounding pensions when dealing with their clients.
Chapter five considers the popular misconception that small business owners would generally be better off building their business to provide them with an income in the future rather than fund a pension.
The chapter addresses the risks associated with using a company to provide a retirement income and provides ways of getting the most out your business; with techniques providing significant tax savings.
'My company is my pension' – key issues
Risks - The chapter asks whether clients want to tie up all their money in their business, and the best ways of extracting money from it.
When is the right time to sell your company? – Clerical Medical examines how to take action now to ensure the client's business is ready for sale, such as taking advantage of new Entrepreneurs’ tax relief.
Efficient profit extraction – The chapter offers help to small business owners looking to extract profits from a business in a tax efficient way, by adjusting the mix of dividends and pension contributions.
Mike Brown, head of pensions at Clerical Medical, said:
"The Folklore & Fact series is a valuable reference tool for advisers, helping them offer a better service to their clients and to grow their business. The series reinforces the benefits of saving through a personal pension and the need for careful financial planning for retirement."
The series features a range of useful tools and user-friendly client literature. It offers a balanced insight into retirement planning and demonstrates the need for suitable financial advice. All material is freely available on the website www.clericalmedical.co.uk/adviser or from Clerical Medical account managers. Other topics covered in the series are;
My property is my pension
I need a SIPP - don't I?
Pensions are poor value with high charges
I want guaranteed income in retirement - don't I?
ENDS
About Clerical Medical
Clerical Medical, founded in 1824, is an award-winning provider of pensions and investments. Products are provided to consumers through independent financial advisers.
www.clericalmedical.co.uk
Return to the news releases page
|
