Financial Planning for Business Owners
The basic principles of a business — growing wealth, planning ahead and protecting resources and income — remain consistent regardless of size or sector. At Optimum we provide comprehensive financial planning advice to directors, shareholders and business owners, covering both their business and personal financial needs.
Our Corporate Services
Auto-Enrolment & Workplace Pensions
We help businesses fulfil their auto-enrolment obligations and select and manage appropriate workplace pension schemes for their employees.
Group Protection
Group life assurance, critical illness and income protection schemes can be a valuable employee benefit — we advise on the most cost-effective structures.
Key Person Cover
Most businesses have individuals vital to their smooth running. Key person cover protects the business against the financial impact of losing a critical employee to death or serious illness.
Shareholder Protection
Ensuring that on the death or critical illness of a shareholder, the remaining shareholders can purchase the deceased’s shares — protecting business continuity.
Relevant Life Policies
A tax-efficient way for employers to provide individual death-in-service benefits to directors and employees — premiums are typically tax-deductible for the business.
Executive Benefits
Bespoke benefit structures for directors and senior executives, including executive pension contributions, funded unapproved retirement benefit schemes and more.
Profit Extraction for Directors
Contributions to a personal pension are a tax-efficient option of profit extraction for business owners. As well as being relievable against Corporation Tax, these contributions are not taxable on the recipient — making them one of the most effective tools for director remuneration planning.
Succession Planning
Having suitable protection arrangements in place ensures that the business can continue to operate in the event of death or ill health of one of the owners and/or key employees. We help structure agreements and funding mechanisms that provide certainty for all parties.
What We Cover
- Workplace pension schemes and auto-enrolment
- Group life and protection schemes
- Key person insurance
- Shareholder and partnership protection
- Director pension contributions
- Relevant life policies
- Executive income protection
- Business succession planning