"Steve first came to see me about his personal mortgage but as we do a full review with every client it became clear that there were certain considerations with the business that hadn’t been dealt with. We worked with Steve and Chris to ensure they had the adequate business protection in place. This meant ensuring they and some of their admin had key person cover in place so that the business continues in the event of one of them being off with a serious illness. It also meant we had to address what would happen to the shareholdings on death and ensure there were share-purchase policies in place. As shareholding directors of the company, one of their goals was to purchase the offices and to help them achieve this we put Self Invested Personal Pensions in place in which they maximised their allowances annually until they could purchase a building. On top of this we had to ensure that the business goals and personal goals were aligned so we did individual financial plans and cashflow forecasts and looked at ways that they could ensure their individual goals were achieved"

Sarah Hogan