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UID:587@londonderrychamber.co.uk
DTSTART;TZID=Europe/London:20240220T093000
DTEND;TZID=Europe/London:20240220T113000
DTSTAMP:20240124T161352Z
URL:https://londonderrychamber.co.uk/events/how-to-reduce-tax-and-optimise
 -your-businesses-financial-security/
SUMMARY:How to Reduce Tax and Optimise your Businesses' Financial Security
DESCRIPTION:During this session\, we'll spotlight the increasing number of 
 business owners and delve into the implications of being a business owner\
 , focusing on the necessity for financial planning and offering insights o
 n how to enhance tax efficiency.\n\nNext\, we'll explore the advantages of
  pensions\, examining the implications of the annual allowance and how ear
 nings influence the pension allocation. We'll delve into topics like the l
 imited company\, the 'wholly and exclusively' rule\, and the mechanics of 
 dividend taxation. Comparisons will be drawn among the three profit extrac
 tion options – salary\, dividends\, and pension contributions. Additiona
 lly\, we'll delve into the types of assets permissible in a pension\, incl
 uding commercial property and business premises.\n\nFurthermore\, we'll ad
 dress the importance of both a personal financial plan and a business plan
 .\n\nWorkshop Objectives:\n\n 	Compare Profit Extraction Options: Gain the
  ability to compare different ways business owners can withdraw profits fr
 om their business\, exploring various investment options.\n 	Highlight Pen
 sion Benefits: Assist business owners and key employees in comprehending t
 he advantages of pensions\, specifically in relation to business owners an
 d key employees.\n 	Tax-Reducing Investment Options: Delve into investment
  choices that have the potential to minimise tax implications for business
  owners.\n 	Prioritise Protection in Retirement Planning: Understand how p
 rotection should be a key consideration for business owners who are planni
 ng on using their business to fund retirement.\n 	Emphasise Personal and B
 usiness Planning: Recognise the benefits of developing both a personal and
  a business plan for comprehensive financial success.\n\nFacilitated by:\n
 Sinead Meenan - Wealth Management Director/ Chartered Financial Planning -
  Benchmark Financial Planning\n\nAimed at:\nBusiness owners\, key employee
 s and directors
ATTACH;FMTTYPE=image/jpeg:https://londonderrychamber.co.uk/wp-content/uplo
 ads/2024/01/How-to-Reduce-Tax-Workshop.png
CATEGORIES:Chamber Event
LOCATION:Londonderry Chamber of Commerce Boardroom\, 16 Bishop Street\, Der
 ry\, Londonderry\, BT48 6PW\, Northern Ireland
GEO:54.995018;-7.322659
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=16 Bishop Street\, Derry\, 
 Londonderry\, BT48 6PW\, Northern Ireland;X-APPLE-RADIUS=100;X-TITLE=Londo
 nderry Chamber of Commerce Boardroom:geo:54.995018,-7.322659
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