03/11/2026
When you’re running a business, it can be easy to let your own financial planning slip down the to do list. But doing so might mean you are missing out, so we’ve shared a few things you should be considering.
Using pension planning to reduce your corporation tax bill. Pension contributions made by the company reduce taxable profits, and the money builds separately from the business.
Keep an eye on your retained cash. If your business is holding more cash than it needs for trading purposes, HMRC may deem that cash is a non-qualifying asset, which could mean you lose your business relief exemption for inheritance tax.
If something happened to you tomorrow, is the business structured in a way that protects the people you care about? Think about what you're leaving behind and what protection might need to be put in place.