Building a business can be all-consuming, and it’s easy to delay thinking about your own finances. Emotions can also cloud decision-making – especially where family is involved.
In the Spring edition of UK Private Company Director, Andrew Dixon of Union Bancaire Privée (UK) explains why it’s just as important for business owners to protect their personal wealth as it is to safeguard their company’s. He looks at how pensions, protection and succession planning can help – particularly in light of changes to business property relief and inheritance tax announced in the Autumn 2024 Budget.
If you haven’t yet looked into how this could affect your long-term plans, now’s the time.
Read the full article here.