Retirement Planning for Company Directors

If you're a director or senior executive of a company, you probably lead a hectic business life. But when the company is doing well you may also enjoy substantial rewards - a good salary, a company car and various other fringe benefits. Why shouldn't you? You work hard for them, and your own money could well be tied up in the firm, and therefore at some risk.

But if you enjoy a good standard of living today, have you made sure that it won't drop when you retire?

Perhaps you think that your business is your pension. But will you be able to sell your shares - or even the whole business - at the 'right' time?

We encourage any business owner to consider:

• If you are the business, what will it be worth without you?
• How can you be sure that when you approach retirement, the firm will be doing as well as it is now? What will trading and economic conditions be like at that time? Clearly this will affect the price you can obtain for the company.
• What about your fellow directors and shareholders? Will they be prepared to go along with the sale? Their ages and aspirations may differ from your own.
• If yours is a family business, don't you want to keep it that way?
• And what about tax? If you've built up the firm from scratch, will there be a capital gain just waiting to be taxed?

AIB Wealth Management work with business owners and directors to find the right balance between business re-investment and ensuring the owner is investing for their own future. In particular, we can help provide retirement benefits for corporate decision-makers like you. We can help you turn Company assets into personal assets tax efficiently.

Here to help & advise

Click here to arrange an appointment with a specialist AIB Financial Adviser or call in to your local Branch.

For further information, brochures or guides please see the Related Information box on the right hand side of this page.

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