Business Owners lack retirement plans
According to the Daily Telegraph, business owners struggle to imagine themselves retired. According to a recent study by Aldermore Future Attitudes, it’s an end that seems like a distant dream for some of Britain’s small and medium-sized enterprise (SMEs) owners.
Surveying 1,000 senior UK SME decision-makers, the study found that 73pc plan to work past the current state retirement age, while one in three (35pc) intend to work well into their seventies.
At Cotswold we work closely with business owners and Directors on their retirement planning, tax efficient pension planning and business protection. To ensure they have options available, whether that be retiring at 50 or working into their 90s, with the right financial planning it becomes their choice.