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Exit planning

Selling your business or handing it on to family or friends

Bumper bundle of business resources added to PRIME website

Bumper bundle of business resources added to PRIME website

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A major upgrade to the Resources section of this website means you now have access to over 1,700 pages of up-to-date, high- quality content about things like tax, marketing and accounting. The upgrade means you no longer have to login or register, so can go straight to the stuff you are interested in. But please note that if you have - – - read more >

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Reality check on work-till-you-drop retirement plans

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Plans to deal with pension shortfalls by encouraging people to work for longer received a dash of cold water today. Three-quarters of us could be too ill to work, Professor Sir Michael Marmot of University College London warns in a new report. All but the richest Britons suffer years of ill health. People in the - – - read more >

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Selling your business - checklist for due diligence

Selling your business – checklist for due diligence

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Here’s a list of some common questions you are likely to be asked when the time comes to sell your business. You really need to start considering these questions long before the sales process starts – sometimes years in advance, so you have fixed the problems as far as possible. That way the sale will - – - read more >

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What are the alternatives to a personal pension?

What are the alternatives to a personal pension?

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Last week the basic state pension went up to £95.25 for a single person and £152.30 for a couple. This isn’t much, and the earliest you can get it is when you reach 65 if you’re a man (so you’d qualify if born on or before 5 April 1959) or 60 if you are a - – - read more >

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Olderpreneurs expect to sell their businesses

Olderpreneurs expect to sell their businesses

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More than half of the visitors to this site taking part in a recent PRIME mini poll expect to sell their business as a going concern when they are ready to exit the business. A further 16 per cent also expect to keep it going, giving it to family or a friend. Do you expect - – - read more >

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Few sole traders have plans in place for death or illness

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Two thirds (67 per cent) of sole traders have no plans for the future of their businesses in the event that they become incapacitated or die, according to research conducted by MORI for Barclays Financial Planning. Planning for such contingencies is more common among those over the age of 55, but even among this age - – - read more >

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Free booklet on self-employed pensions

Free booklet on self-employed pensions

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PRIME has published “Financing an active retirement”, a free guide to pensions for self-employed people over 50. The 32-page printed guide is being distributed free via libraries and Citizen’s Advice Bureaux. You can also download the PDF version immediately from here. PRIME is concerned that of the 12.5 million self-employed people in the UK, less - – - read more >

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Exit Strategy – a practical guide to selling your business

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When Graham Watkins and his wife sold their company, they had no idea what would be involved. Now Graham, 53, has written a book recounting their experiences and the lessons learned. “It pays to start early”, says Graham. “The process was far more complex than we had imagined. It involved an enormous learning curve and - – - read more >

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