1. Retirement Planning in the
Current Climate
Newmarket Partnership
Chartered Accountants
T: 01 429 3600
E: tax@newmarket.ie
W: www.newmarketpartnership.ie

2. Typical Scenario
• Business Owner near retirement age
• Has children keen to take over business
• But has insufficient pension provision
• Assets have declined in value
T: 01 429 3600
E: tax@newmarket.ie
W: www.newmarketpartnership.ie

3. Typical Scenario
• Needs an income stream in retirement
• Feels he/she can’t afford to retire
• And feels he/she can’t exit at this point due to
challenging climate for business and need for experience
• Tax rates are rising so it will be harder to put nest egg
aside.
T: 01 429 3600
E: tax@newmarket.ie
W: www.newmarketpartnership.ie

4. Creating a WIN-WIN-WIN
• Business Owner retires with greater security and
accelerated payment but can still have an input
• New Generation gain control at relatively low cost
• Company saves substantially in cost of retirement
provision....
WITHOUT IMPACTING CASHFLOW
T: 01 429 3600
E: tax@newmarket.ie
W: www.newmarketpartnership.ie

5. Summary
• Tax legislation allows for generous relief for retirees
• Flexible structures may be designed to avail of reliefs
and enable retiree, company and next generation to
meet objectives
• Important to consider legal & commercial aspect as well
as tax & finance
T: 01 429 3600
E: tax@newmarket.ie
W: www.newmarketpartnership.ie

6. CONCLUSION
• But how long will reliefs be available? Commission for
Taxation, Budget 2011......SAVINGS OF THIS LEVEL
WILL BE REDUCED IN THE FUTURE!!
• CALL FOR FREE CONSULTATION
T: 01 429 3600
E: tax@newmarket.ie
W: www.newmarketpartnership.ie