Retirement Planning For Business Owner

1,176 views

Published on

Estate Planning, tyron foreman, sanlam, business, professionals, estate duty, interstate succession, executer fees, winding up, liquidity, gepf, south africa, cape town, bellville, insurance, wealth protection, asset protection, trusts, life cover, bond cover, risk insurance, old mutual, liberty life, metropolitan, momentum, eugene coetzee, tyron, trusted, financial planning, adviser, advisor, golden acre, tyger waterfront, investment, savings, retirement, planning, RA, private pension, pension booster, pre retirement, post retirement, and, investments, investor, funds, business retirement planning, pension funds, provident funds, futura, employee benefits, suf, seb, staff incentive, sole proprietor, partnership, business owner private and business pension planning, advice, presentation

Published in: Business, Economy & Finance
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,176
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
11
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

Retirement Planning For Business Owner

  1. 1. Retirement planning for the business owner 12/2007
  2. 2. Retirement planning <ul><li>Start as soon as possible, do not wait until you can “afford” it </li></ul>
  3. 3. Retirement planning <ul><li>Take at least 20% of your profit from the undertaking annually and invest it elsewhere </li></ul>
  4. 4. Retirement planning <ul><li>Make use of the services of professional persons/institutions to manage your investments </li></ul>
  5. 5. Retirement planning <ul><li>Use tax concessions optimally </li></ul>
  6. 6. Retirement planning <ul><li>Do not rely on the selling price of your institution as your only retirement capital </li></ul>
  7. 7. Retirement planning <ul><li>If your children take over your business from you, ensure that you have an alternative source of income </li></ul>
  8. 8. Retirement planning <ul><li>If one of your children is going to take over the business from you when you retire: </li></ul><ul><ul><li>identify your successor in good time </li></ul></ul><ul><ul><li>train your successor </li></ul></ul>
  9. 9. Retirement planning <ul><li>Plan for your retirement, even if you think that you can work until the day that you die – the state of your health could force you to retire. </li></ul>
  10. 10. Retirement planning <ul><li>Review your retirement plan and your investments regularly </li></ul>

×