Mr & Mrs Edwards (not their real name) were in their mid-fifties when we first met them. Their manufacturing business had been good to them over the years but now they quite liked the idea of retiring, but they had some important questions that they needed to answer, including:
Could they afford to retire?
Could they sell their business? If yes, how?
Would they then have enough income to live comfortably for the rest of their lives?
Having talked to them in detail about their situation, concerns and aspirations we could see that:
They didn’t understand how their pensions worked or what they could do with them.
They were unsure about the tax implications of their current arrangements and any decisions they made
After running cashflow projections taking into account various strategies and tax scenarios, we:
The results so far:
30 June 2023
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