Financial planning for business owners
Running a business demands vision, energy, and countless decisions, often leaving little time to focus on your own financial future. But just as your business needs a solid strategy, so do your personal finances.
WHETHER YOU’RE STARTING OUT, scaling up, or planning a future exit, aligning your business and personal wealth planning can make a significant difference to your long-term security. At McHardy Private Wealth, we help business owners create joined-up financial plans that work both in and outside the business.
Here are some of the key areas to consider:
Drawing income efficiently
How you pay yourself can have a major impact on your tax position and long-term wealth. We help business owners weigh up the right mix of salary, dividends, and pension contributions – balancing tax efficiency today with future financial security.
Planning an exit or succession strategy
Whether you’re thinking about retirement, passing the business to the next generation, or selling to a third party, we can help you prepare. That includes maximising Business Relief, managing Capital Gains Tax, and ensuring your exit aligns with your personal financial goals.
Protecting your family and business
Key person cover, shareholder protection, and relevant life insurance aren’t just nice to have – they’re essential to safeguard what you’ve built. We’ll help you ensure the right protection is in place for both business continuity and your family’s wellbeing.
Investing excess capital tax-efficiently
If your business is holding significant cash, there may be more effective ways to deploy it. We advise on tax-efficient investment strategies, including business property relief opportunities and corporate investment structures that complement your overall financial plan.
At McHardy Private Wealth, we work closely with business owners across Scotland – from sole traders to company directors – to provide tailored, strategic advice. Wherever you are on your journey, we’ll help you turn your business success into long-term personal security.
Let’s build a strategy that supports both you, and your business.
