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TRANSITION FOR SUCCESS


PLANNING FOR THE INDIVIDUAL The aim of retirement planning for the individual is to consider the changes that take place at this important time of life and how they can be managed in a positive way. Our framework is modulated to ensure that each person gets exactly what they need from our courses, because after all everyone is unique. We work with people at all stages of the journey: • • • •

Before the decision to retire is made; During the process of making the decision; During the process of retiring; Once retirement has happened we give continued support.

OUR FRAMEWORK CONSISTS OF:

Life Option Planning Looking at the many options available such as: • Employment • Enterprise • Volunteering • Further education

Creating your future history How to set goals, achieve ambitions and be a success.

Supporting transition Ongoing coaching and development plans for individuals. Healthy mind, Healthy body How keeping motivated and having a positive outlook can also have significant physical health benefits.

Financing Futures Looking at the issues surrounding finances in retirement. • • • • •

Cash & financial planning Lump sum and investments: the Risk Pyramid Wills and Lasting Power of Attorney Equity Release Taxation of Income and Assets

Transferrable skills Understanding your personal strengths, skills and values and how these can be transferred to make a success of your next phase of life/ business.

Encore Living is a brand of Vision Republic


PLANNING FOR THE BUSINESS The aim of retirement planning for the business is to consider the changes and impact that retiring management/owners/staff members has upon the organisation. Our framework is modulated to ensure that each business gets exactly what they need from our involvement because the situations differ from business to business. OUR FRAMEWORK CONSISTS OF:

Financial Implications How to prepare the business for the financial challenges, changes and opportunities that often arise from retiring staff members.

Existing asset realisation Assessing the value in terms of hard and soft assets and being realistic about expectations.

Managing expectations Managing the exit process and ongoing plans for the future. Maintaining motivation How to guide employees through difficult transitional periods.

Succession Planning Looking at the skills and personnel gap(s) left by those retiring and how the organisation can plan and respond to those changes.

The timing and the way you retire can affect the value both yourself and any other shareholders might receive from the business. If you’re selling the business on, you’ll need to decide how you want to receive payment for it. Sometimes, for example, you will simply receive a one-off cash lump sum for the sale. However, you may prefer staged payments or, perhaps, defer payments for a while if you don’t wish to take advantage of the sale immediately. You might also be considering maintaining some kind of involvement in the business in a greatly reduced capacity and the way you exit can sometimes affect your tax liabilities. Whatever you decide to do, you should seek professional advice about how best to exit the business when you retire as doing it correctly and appropriately will ensure both yours and the business’ future success unless you’re planning to wind it up when you retire.


Transition For Success