Set aside your misgivings - a pensions review now makes good business sense
In last month’s newsletter we reminded you of two crucial points – firstly, that the new financial year was just around the corner and, secondly, that in finance things change constantly. Two reasons why you need to use Thompson Financial Consultants as soon as possible!
 Well, things haven’t stopped changing and the end of the 2007-08 financial year is fast approaching, so if you are in business as a sole trader, a partner or a director, it’s vital for you to be thinking right now about a review of your pensions arrangements. There are several reasons why this is important.
Firstly, as pensions help potentially reduce your overall individual and/or corporate tax liability, it will be obvious to businesses that a review can lead to substantial benefits. Secondly, if your business situation has altered, it’s only logical that your pensions should be re-assessed.
Here at Thompson Financial Consultants, however, we are aware that some businesses, particularly sole traders, are sceptical about pensions.
 Our advice is to think again. Pensions are fine – if you look after them!
If you have not had a pensions review in some time it’s hardly surprising that your neglected investment is failing to shine. And if so, you may be missing out on a chance to solve what is often such a thorny problem for sole traders: being able to draw money out of your business in a way that is both legal and tax-efficient.
Once more Thompson Financial Consultants offer you the best of both worlds: the possibility of reducing your tax liability now, plus enhanced pension prospects in the future. This may come as a shock to new clients unused to regular reviews: our established clients, on the other hand, take it as read!
New or existing client, it’s time to arrange your pensions review, so call Mark now on 01473 828973: you may even be able to fit it in with your general review.
Meet the team
 Wendy Thompson, our Office Manager, is a partner in Thompson Financial Consultants. She has been in the Banking and Financial sector for 18 years, firstly with Barclays Bank and then with Thompson Financial Consultants. “We've got a great team at Thompson Financial Consultants, and everyone works hard to ensure that our clients are well looked after, and that their needs - and their requests for advice - are dealt with promptly and efficiently. Giving a great service to our clients is of the utmost importance and we strive to ensure that people have a happy experience when dealing with Thompson Financial Consultants."
We would be pleased to receive any comments or suggestions about this newsletter - just send us an email.
Thompson Financial Consultants is an appointed representative of
Sesame Limited which is authorised and regulated by the Financial Services Authority.
8 Stone Street Court,
Stone Street,
Hadleigh,
Suffolk IP7 6DN
Tel: 08451 188973 or 01473 828973
Your property may be repossessed if you do not keep up repayments on your mortgage.
For mortgages we can be paid by commission from the lender, or by a combination of commission and a fee of £350, or by a fee of £1,000.
Commercial mortgages are not arranged or regulated by Sesame and the FSA. |
