Retirement planning
When planning for retirement, Grant Thornton consultants advise strategies to maximise retirement assets and income, thereby maintaining the quality of life our clients are accustomed to.
Planning for retirement, both from a lifestyle and financial perspective, should be part of the founder’s long term wealth creation process. The changes to capital gains tax (CGT) on 20 September 1999 incorporated some amendments in the treatment of the sale of a small business. The complexities and the interrelationship between small business, CGT and retirement has resulted in this area requiring significant planning. In short, the changes allow small business owners to reinvest back in their own businesses with the view of realising these assets to fund retirement.
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