Financial Planning for Small Business Owners
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3 rd June 2015
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Transcript of Financial Planning for Small Business Owners
3rd June 2015
Mini Master Class:Financial Planning for Small
Business Owners
Matthew Farquhar
Financial Planning for Small Business Owners
A Short presentation by:Matthew Farquhar
Wealth Protection & Wealth Creation
Gap Cover
Business Assurance
1) Buy/Sell Agreement- Provides liquidity for surviving partner to buy shares.
2) Key Man Policy (5x - 7x Key Man Salary)- Provides liquidity for replacement of a key person required
for business operations. Tax Deductible if company decides.
3) Contingent Liability (Company on owners life)- Protection of Estate in the event of having signed collateral for a business loan.
Company InvestmentsInvestment Builder:Eg: Need to replace machinery in 5yrs – start saving today.
Unit Trust:Eg: Income fund generating better returns than bank account.
Retirement Annuity
- Protection from creditors.- Tax Deductible.- Best Tax savings vehicle.- Tax Free Savings Fund.- 3 Conditions of accessing the money.
Starting Early
Quote
“Investments are like gardening, it takes time and effort to yield a
good return”
