Retirement planning in family company
For years, I had been frustrated at not being able to get advice about how I could pass my business on to my daughter and son-in-law.
My bank manager put me on to K&H and they produced a detailed three-year plan and restructured the shares so I could pass the business down in exactly the way I wanted. Not only that, but the new share structure allowed us to save tax and improve company cash flow hugely. The total tax savings will have amounted to over £800k.
K&H did a great job of explaining everything to us in layman’s terms so we felt in full control of what was happening.
Total saved: more than £800,000