Running your own business is a massive drain on your time. They say you never stop working when you own your own business, and when you add in time spent at home with your loved ones, it’s easy to see how jobs around the home have to wait.
That’s where Ifamax can help.
We deal with business owners of highly profitable companies, creating financial strategies that achieve successful, sustainable wealth over the long-term.
We work with business owners in a number of ways, including:
How to pay yourself - salary, dividend, pension or something else
We help business owners turn business success into personal wealth. Advanced tax planning is one of our main specialties, and we will work closely with your tax adviser to build a logical plan that suits your needs, for both now and in the future.
What’s your exit strategy? Do you have one?
We often hear business owners say ‘my business is my pension’, and that may well be true for some. We advise business owners on how to build up personal wealth, and approach tax efficiently so that you don’t need to rely on the sale of your business to become financially independent - in other words, you no longer need to work. This ultimately gives you more choice, flexibility and freedom to do what you want, when you want it.
Ideal Retirement Goals
There are many financial benefits to running your own business, and one of these benefits can be a potentially substantial contribution towards your pension. As a business owner, you may want to maximise your assets to ensure you can reach your ideal retirement goals. You may also want robust protections in place to ensure you are secured from the repercussions of the death or critical illness of another shareholder.
How We Work with Business Owners
With solid financial planning we are able to help mitigate against unforeseen and foreseen circumstances, to safeguard your wealth and long term investments before eventually exiting your business for retirement.
As Independent Financial Advisors we will offer you unbiased, informed and professional advise on:
Personal investments
Business owner pension & retirement plans
Business exit strategies or succession plans
Capital gains & inheritance Tax
Protecting the inheritance of your loved ones
Drawing down money from your business
Who We Work With
At Ifamax we work with both small and enterprise size business owners in Bristol and the surrounding areas of South Gloucestershire, Somerset, Bath and London. You may be a solo Director/shareholder business or a company with multiple shareholders.
If you still have questions we have a detailed Business Owners FAQ, or you can get in touch with us to arrange an initial consultation.