BUSINESS OWNERS

As a business owner, the decisions you make influence your personal life as well as the future of your team and your business. And finding time to do the research and plan for the future can seem like an impossible task.

We can help you find balance between your personal financial life and the long-term health of your company. Our experts will put a strategy in place to achieve your financial goals. We will review your personal finances, analyze your personal and company pension plans and provide you with tax efficient investment advice. 

Our Approach

  • Retirement Planning

    As a business owner, the thought of retiring or relinquishing your position as leader may never cross your mind. Maximizing your contributions where possible is key to building a wealth portfolio worth retiring for. Not forgetting the important tax advantages.

  • Investment Planning

    If you are a small business owner, it can be increasingly difficult not to solely invest in your own business. In many cases, you can make savings in other areas of your finances, to free up cash and diversify your investment portfolio.

  • Estate Planning

    As your business grows in value, a basic will or trust may no longer suffice for a business transfer. Such things as choosing a successor to ensure business continuity, reducing business and personal estate taxes, and Section 72 insurance.

  • Lifestyle Guidance

    Lifestyle guidance is an increasingly important element of every financial plan, especially our service. There are many financial, physical and emotional pressures on business owners, directors and shareholders. It’s very important to have a knowledgeable and experienced third-party advocate to assist in drawing up a plan for your life.

  • The Cashflow Modelling

    An important part of a Business Owner’s Financial Plan is our Online Cashflow Model, which helps us to look at your current cashflow & create potential scenarios. This will allow you to visualise how your financial future situation may look under different circumstances. Paired with stress-testing our proposed solutions up to 10,000 times using deterministic modelling.

  • Risk Management

    Most people need to plan for the risk of unexpected death, illness, injury, or loss of income or property. Once you become a business partner or owner, however, the risks involved are multiplied. Such as – loss of income due to disaster, disability or death of a key business member who is affluent to the success of the business, or loss of property.

Financial Wellness your business & your employees

Financial wellness is the state of being in control of your financial situation and feeling confident about your financial future. It’s about having a clear understanding of your financial goals and the steps you need to take to achieve them. Financial wellness is important for everyone, regardless of their income or financial situation.

By offering financial advice and creating a comprehensive financial wellness strategy, you can support your employees’ financial well-being while also benefiting your business through improved employee satisfaction, productivity, and retention. Investing in your employees’ financial health is not only the right thing to do—it’s also a smart business decision.

Provide direction and protection to your wealth. Start your True Wealth Personal Financial Plan today by enquiring now.

Advantages of having a workforce with strong financial wellness:

  • Helps to reduce absenteeism and presenteeism

  • Increases engagement, motivation and productivity

  • Empowers employees to take control of their own personal and family financial situations

  • Reduces finance-related mental health problems

  • Helps to increase employees’ ability to retire

If you’re eager to explore the advantages of integrating Financial Wellness into your business for both you and your workforce, delve into our comprehensive Guide. Discover the range of benefits we offer and how we can assist you in fortifying your business for lasting success.

Creating a Financial Wellness Strategy for your employees.

Navigating the path to financial wellness for you and your workforce is a crucial endeavour. Whether you’re embarking on the journey or already well along the road, this guide is designed to help you with the knowledge and tools needed to make informed decisions and cultivate a financial plan that resonates with your individual and business goals and aspirations.

Browse through our Frequently Asked Questions below

  • The amount you should contribute depends on your age, retirement goals, and overall financial situation. A general guideline is to save 10-15% of your income, but as a business owner, your contributions may vary based on cash flow. We can help you determine an optimal contribution rate that balances your current business needs with your retirement goals.

  • There are several strategies to minimize taxes, such as maximizing pension contributions, taking advantage of business expenses, and structuring income efficiently. We provide personalized, tax-efficient planning to help you legally reduce your tax liability while aligning with your business and personal financial goals.

  • Various insurance types can protect your business from financial risks, including business interruption insurance, liability insurance, key person insurance, and property insurance. These policies safeguard against events like loss of income, legal claims, and damage to assets. We can help assess your business’s unique needs and recommend the right coverage for peace of mind.

  • Yes, in many cases, your pension can purchase commercial property, including premises for your business, through a Self-Invested Personal Pension (SIPP) or Small Self-Administered Scheme (SSAS) in certain regions. This can be a tax-efficient way to invest in property while securing your business location. We can guide you through the regulations and benefits of using a pension to buy business property.

    So, if you need to obtain an insurance policy, invest in a portfolio of funds or find an estate planning specialist or tax professional, we can direct you to the resources you need or help you obtain these products and services.