The current squeeze by banks on lending is having an impact on the economy. However it is not only small trading companies that are facing difficulties with their bankers but also larger well known companies and professional practices, such as accountants and solicitors.
Accepting finance from a bank by any business is essentially agreeing to a loss of both valuable cash resources (in terms of fees and interest charged) and financial control of both the business (and unfortunately far too often – personal assets).
Most businesses and professional practices would benefit from a silent partner in the business.
Would it surprise you to know that many businesses could benefit from such silent partner arrangements by accessing a variety of schemes that can legally unlock funds from their own pension.
These schemes are available via specialist pension products and can unlock much needed finance NOW and allow firms to benefit from improved cash flow and their pension funds to benefit from being paid interest.
For more details of sensible tax planning strategies contact one of our Financial Planning Consultants, at Pareto Lawrence we offer both Financial and tax planning advice to corporate and private clients.
Almost all business owners are aware of the need for proper financial planning and therefore are keen to examine in minor detail the various products that they have been sold over the years. In addition they are often concerned at “the bottom line” of the product valuation (in other words have their pensions or investments gone up or down) without relating this to how the market has performed generally.
