It is very easy to get fully engrossed in the day to day running of your business and let your own financial affairs slide. As a business owner, you have a lot to deal with your records, some of which can result in heavy penalties and fines if they are not done correctly and within certain time limits. Your PAYE and VAT are two prime examples you cannot let fall behind or you will have to face the wrath of Revenue.
Then you have to take care of your employees, ensuring health and safety measures are in place so no accidents happen in your workplace. You want them to work efficiently for you, so it’s important you take good care of them. Once the Revenue is happy and your employees are fine, there are your customers to look after. Without them you have no business, so they are potentially the most important aspect of all.
Finding out what the best financial advisors Dublin has to offer you is not something you have the time for, so it gets pushed to one side and filed under ‘I’ll sort it one day’. The trouble is ‘one day’ never happens and your own financial planning can suffer because you are putting everyone else, including your business, first.
Before you know it you will be thinking of retiring and although you might have a very good business, retirement planning will have been put on the back burner. Every year you ignore planning for your retirement creates an increase in the amount you need to invest to receive the same amount of money. The maximum amount you can invest in a personal pension plan is a percentage of your income, based on your age. Leave it too late and you might find you cannot afford to put away the amount required to give you the sort of retirement you dream of, or that the permitted amount is not enough.
Helping Business Owners
Being self-employed or running your own limited company can take over your life. Once you get into the habit of putting customers, employees, the bank and everyone else first, it is not an easy habit to break, so your own affairs get neglected.
This situation has been compounded by the crash of 2008, as business owners quite rightly became more concerned with keeping their business afloat. However, there comes a time when you need to start considering your own future, or you will get to retirement and only have a state pension to live off.
Getting your retirement affairs in order is not as difficult as it might sound if you have help from financial advisors Dublin. With more than 30 years experience in assisting business owners, we can help you to understand the financial challenges you are likely to face. We can help with financial planning to secure the future of you and your family, tailoring our investment advice specifically for your needs. With good retirement planning you will build the future you want, and the sooner we begin to put things in place the better it will be for you.
Visit The Mason Business Clinic
As the best financial advisors Dublin, at Mason Wealth Management we are only too aware how owners can get overtaken by the day-to-day affairs of their business. We are here to help you and to take the stress and strain out of your financial planning.
The Mason Business Clinic is a series of uncomplicated talks on various areas that need to be considered by all business owners. The topics include:
- Tax advice
- Business exit strategy
- Business development
- Personal development
- Study skills for your children
- Estate planning
Our hope is to help you improve the running of your business so our financial advisors Dublin can assist you with your financial and retirement planning. Freeing up time to take care of your own affairs is vital, so we have made sure the talks are run throughout the year, both in the morning and at lunchtimes.
What Sort Of Retirement Do You Want?
You probably already have some idea of your ideal retirement, the question is will you be able to afford it? Do you want to travel to far off lands, or live on a small farm in the countryside? After so many busy years running your business are you intending just to relax once you finish working, or are you worried you will get bored and be looking for something else to do? Is there a hobby you have a passion for but have lacked the time to spend enjoying it?
Everyone’s idea of heaven is different but to be able to have your slice of utopia you need to have the finances in place. This is where our financial advisors Dublin can assist you. After discussions about what you envisage after stopping work, and how best to achieve it, they will be able to advise you on the best investments. That could be straightforward investments for now, such buying and selling shares, or investment into a personal pension plan, or a mixture of both.
Of course, whatever profits on investments are made always produce tax liabilities, but our financial advisors Dublin will ensure your money is handled in the most tax-efficient way.
Investments and financial planning is an ever-changing industry, and you need to know the financial advisors Dublin you are trusting will always be up to date with any new rules and regulations. We are proud of our reputation for providing sound and relevant advice, and this is why many of our clients recommend us to their friends and family.
We won’t tie you up in knots with jargon that you need to be an expert to understand; we want you to be clear about each and every piece of advice we give you. Why not find out more about how Mason Wealth Management can help you by giving us a call on 01 969 5786, or emailing us at [email protected].