Cordiner Wealth

Do you know how much you would like to sell your business for? While selling your business, it's important to calculate how much you will need for life after your company and targeting that when selling up. However, as part of this calculation, it’s important to be aware of some of the costs you may face when selling your business. If you don’t factor these in, you might settle for a sale price that meets your target, only to be met with a shortfall once these deductions are taken off. Click the link below to discover 5 important costs you may want to consider when selling your business.

Do you know the key estate planning lesson to learn from this £55 million inheritance dispute? Business Reg Bond began preparing his estate for his 4 children to inherit it in 2017, dividing £43.45 million of shares equally between them. Then, in 2019, he created a new will. 2 of his children contested the will, claiming that their father's deteriorating health meant he did not have the mental capacity to understand his new will. Read our blog, linked below, to discover how the case played out and what it can teach you about creating a comprehensive estate plan.

Concerned that financial protection never pays out? Here’s what the latest data tells us

Did you know that the interest in private medical care has risen by 83% over the last 3 years? Having to wait longer for a diagnosis or treatment could be detrimental to your retirement lifestyle. For example, facing delays in accessing surgery that could improve your day-to-day life, such as hip or knee replacements, could stop you from enjoying your retirement. Read our blog, linked below, to learn more about the advantages and drawbacks of private medical insurance in retirement.

One of the most rewarding parts about running your own business is that you can be the biggest beneficiary of all your hard work. Of course, when extracting wealth from your business, it’s crucial to ensure that you’re as effective and tax-efficient as possible when doing so. Read our blog, linked below, to discover 3 common methods of extracting wealth from your company, and the advantages and potential drawbacks of using them.

When you come to sell your business, you want to be sure that you receive a value you’re happy with. As a part of this calculation, it's important to be aware of some of the costs you may face when selling your business. If you don't factor these in, you might settle for a sale price that is lower than your intended target. Read our blog, linked below, to discover 5 important costs that you may want to consider when selling your business.

Why does the IFS want to scrap the pension triple lock, and what would it mean for you?

Have you prepared a comprehensive estate plan yet? Organising your wealth for when you pass away can give you the peace of mind that your estate will be divided as you intend, protecting your loved ones' financial futures and preventing any arguments among them on your death. Read our blog, linked below, to discover a recent case where a businessman's children challenged a will that had divided his £55 million estate, and the key lesson it can teach you about estate planning.

Are you considering paying for private medical insurance? The NHS waiting list reached 7.6 million in May 2024. It might come as little surprise that as a consequence, the interest in private medical insurance has increased significantly, rising 83% over the last 3 years. If you're weighing up whether you could benefit from having private medical insurance in retirement, click the link below to learn more about the pros and cons.

Do you know these 3 methods of extracting wealth from your business? 1. Paying yourself a salary 2. Taking dividends 3. Making pension contributions Read our blog, linked below, to learn more about the pros and cons of each of these methods, and how we could help you decide which is most suitable for you.