For many business owners, retirement isn’t just about stepping away from the day-to-day operations - it’s about navigating a transition from a business you’ve built over decades to a life that reflects your personal goals and priorities.
In the Ribble Valley, where local businesses often form the backbone of the community, these decisions carry both financial and emotional weight.
How you approach succession, extract value and protect what you’ve built can shape your lifestyle, safeguard your family and influence the legacy your business leaves behind.
At Two10 Investment Services, we work closely with business owners in the region, helping them translate years of hard work into a structured, personalised plan for the next stage of life. While every situation is different, our focus is on aligning your business exit with your personal ambitions, creating clarity and confidence as you step into retirement.
Designing Your Succession Path
Succession planning is about more than deciding who takes over - it’s about ensuring your business continues to thrive and that your personal legacy is protected.
One of the most critical decisions for business owners approaching retirement is determining how the business will continue without you. Options may include passing ownership to family, selling to management or a third party, or gradually reducing your involvement while retaining a stake.
We use our experience to help you consider the different options and potential outcomes as you plan for succession. We aim to help you understand how each choice could affect your personal financial position, retirement plans and long-term goals. Our role is to support you in aligning your business exit with your wider financial strategy, giving you greater clarity and confidence to decide what’s next.
Our local knowledge of Ribble Valley businesses allows us to provide practical, relevant advice that reflects the realities of your community and sector.
Extracting Value Efficiently
Your business may hold the majority of your wealth, but turning that into a sustainable personal income requires careful planning.
Converting business value into retirement wealth can involve dividends, pension contributions, or using holding company structures to separate business and personal assets. Timing, tax efficiency and personal goals all influence the right approach.
We work with business owners to determine the right mix and timing of withdrawals, aiming to move you from ‘business-rich but cash-poor’ to having resources that support your lifestyle, retirement ambitions and personal priorities.
We use our experience to help you consider your options and work with your accountant or solicitor so that your decisions remain cohesive and tax-efficient.
Protecting Your Business and Your Family
The years leading up to retirement are critical - unforeseen events could disrupt operations and affect your personal wealth if not properly planned for.
Business protection measures such as shareholder protection, key person cover and relevant life plans can mitigate risks, helping safeguard the company and those who depend on it.
We assess your ownership structure, key individuals and existing cover, highlighting gaps and recommending tailored protection strategies. By providing a mix of practical solutions built around your business and family needs, we aim to give you clarity, confidence and peace of mind as you approach retirement.
Balancing Tax Efficiency with Your Legacy
Retirement planning isn't just about income today - it’s about ensuring your wealth can support your family and leave the legacy you want. Decisions around selling, gifting shares, or drawing income carry tax implications.
Owners may prioritise personal retirement security, passing wealth to family, or funding long-term causes.
We aim to help business owners balance these goals with carefully structured strategies, such as pensions and holding company structures.
Our approach considers both your personal ambitions and the future of the business, helping create a plan that reflects your priorities and protects your legacy.
Planning Life Beyond the Business
Retirement is about lifestyle as much as finances. Replacing income, maintaining freedom and defining the next chapter are essential considerations.
Business owners need to think about what life looks like beyond their role, whether that involves full retirement, consultancy or a new venture.
We guide business owners through both the financial and emotional aspects of stepping away.
By aligning succession, personal wealth and legacy planning, we help ensure the transition supports your lifestyle, long-term goals and priorities.
Working with your wider advisory team, we aim to provide a cohesive plan that puts your needs at the centre.
Closing Thoughts
Stepping away from a business you’ve nurtured for years is a major transition, but it can also be deeply rewarding.
Thoughtful, personalised planning allows you to secure your personal wealth, protect your business and preserve your legacy - while moving confidently into the next chapter of life.
At Two10 Investment Services, we combine local insight with strategic planning to help Ribble Valley business owners convert decades of hard work into a plan that reflects what matters most.
Retirement can be more than an exit - with the right advice, it can be a new beginning.
*Investments can go down as well as up and you might not get back the capital invested.
*Understanding your risk tolerance, assessing your capacity for loss and completing a suitability assessment are essential before proceeding with any investment or financial plan.
*Two10 Investment Services, does not give tax or legal advice but works with clients and their specialist tax and legal advisers. We recommend that clients should always take independent tax and/or legal advice on important matters and keep us informed of any considerations they would like us to take into account.
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