John and Dave ran a successful technology firm that urgently needed future-proofing. Here’s what we did.

Company directors John and Dave had put all their time and energy into growing a successful technology company. But if one of them got ill or died - all that hard work might not have been enough to prevent the business going under. Kilsaran Financial Planning set about future-proofing their business.

• For 10 years they hadn’t contributed to a pension fund and didn’t know the impact this would have on their retirement plans. 
• If either director died, their shareholding would go to their wives, who weren’t involved in the business. 
• Their sales director Jo was essential to their success, leaving the business vulnerable should something happen to her. 
• All their money was tied to the business, so they didn’t have a way to buy shares from an absent shareholder to keep the company.

• We set up pension contributions funded through their limited company to reduce their corporation tax, which they were thrilled about! The new contributions were helping them secure the income they needed in retirement.
• We sorted out insurance policies for John and Dave so the control of the company would go to the remaining director on death or serious illness. 
• Then we set up key-person insurance to cover recruitment costs and profit loss if Jo’s death or serious illness disrupted the business.
• Another key area was to review their existing pensions and combine them into one scheme that we actively manage for them. 
• To give them the option of a retirement income, we set up pension contributions funded through their limited company.
• John and Dave wanted us to make this a hands-off experience for them, so we gave them full admin support from start to finish. This included arranging medical appointments for underwriting and helping them complete application forms at a time and place to suit them.

• Their business is now fully protected should the worst happen. 
• With cover in place, a remaining shareholder will be able to purchase an individual’s share of the business.
• They have a financial safety net should Jo, their key employee, become critically ill or die. 
• They now have personal pensions paid through their limited company to maximise tax efficiency. 
• And with a financial plan in place, they knew they were on track to enjoy a well-earned retirement after working so hard to build their business.

We’ve changed some names and identifying details to protect our client’s privacy.

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