Being successful in business involves multiple different factors that you control and a dose of luck. Some of the attributes of running a business, such as building a senior leadership team and constantly reviewing the company’s performance are crucial to success. However they don’t necessarily translate into how to run a successful retirement. When you […]
Don’t Run Your Retirement Like You Did Your Business Read More »
At Altor Wealth, we often help clients plan for the future—but one critical area is frequently overlooked: what happens to your business if you’re suddenly unable to make decisions? A Lasting Power of Attorney (LPA) is a legal document that allows a trusted individual to make decisions on your behalf should you lose the capacity to do
Many business owners understand the importance of safeguarding their companies during their lifetime—but what happens to those assets when they’re no longer around? For couples with “simple” Wills—where the entire estate passes to the surviving partner and then to children or other beneficiaries—there can be unintended consequences, especially when a business is involved. At Altor
How to Protect Your Business Assets Through Smart Estate Planning Read More »
In short, yes you can. You cannot buy residential property with your pension, not even a building or site that has been granted planning permission for a residential property. You can however buy commercial property. This might be a small office that your company works from or a shop or factory. There are several benefits
Can I Buy My Business Premises With My Pension? Read More »
If you are a high earner, it is likely that you are frustrated by the lack of tax avoidance now available to you. If you earn over £360,000 you are limited to a net contribution of £8,000 per year to a pension, which is income tax relief from the government of £4,500. You have £20,000
Are VCTs a Good Idea? Read More »
Most mornings I drive my daughter to the train station near to our office, to catch the train to school. We have a habit of listening to Capital Radio and our 10-minute commute lines up nicely with the breakfast show’s Bong Game. The concept is simple, a man reads out a rising series of numbers
The Power of Regret Read More »
My family carry a genetic timebomb called Christmas Disease. Whoever named this particular disease had a black sense of humour because it sounds like the best of diseases to have but the reality is brutal *1. Sufferers lack Factor 9 in their blood which is the lesser-known clotting agent sister, to the more commonly known
When it comes to managing money, there’s a common misconception that complexity equals sophistication and better results. Many investors assume that intricate strategies, exotic investments, or high-cost solutions must deliver superior returns. However, the reality is often quite the opposite: keeping things simple can lead to greater success. In fact big financial services companies have
One of my godsons recently turned 21. Time had come to give him the cash that we had been saving for him since he was a baby and we first met him. I am sure he was happy with the results which came from diligently setting aside cash of £50 every birthday. He is turning
Gift When They Are Young Read More »
1976 was a great year; The Boys Are Back in Town was released, I was born, and Business Relief was introduced. I have no idea what the idea was behind the first two but the idea behind Business Relief was to stop family businesses being sold or broken up to pay inheritance tax (IHT) on the owner’s death.
Tips for Business Owners – Cash in my Business Read More »
