We created a financial plan providing clarity on what actions were needed. We consolidated old pensions and investments, reduced the charges of these schemes and diversified the investment to manage the risk better. Contributions were also increased from the business to extract profits tax efficiently into the pension.
This certainty provided Aaron with the confidence to look at an exit strategy about 18 months later. Together we calculated what figure he needed to obtain from a sale to ensure he never had to worry about money in the future.
This allowed him to be in a position of confidence when negotiating the sale of his business, and was able to gain a higher value which was a bonus to the financial plan.