Financial planning for business owners
Financial planning for business
You’ve put everything into building your business. But when did you last stop and ask: is my money actually working as hard as I am? Are my profits structured in the most tax-efficient way? If something happened to me tomorrow, is the business protected?
For most business owners, financial planning keeps getting pushed to the bottom of the list. We understand that. Let us take it off your plate.
Business planning and personal planning are the same conversation.
One of the most common situations we see: a business owner who has done well, built something valuable, but whose personal financial plan is years behind the business. The profits are there. The tax efficiency isn’t. The protection isn’t. And there’s no clear plan for what comes next.
We work with business owners to bring all of it together. Sole traders, husband-and-wife operations, limited companies with growing teams. We look at the full picture and build a plan around your business and your life, not a template that could belong to anyone.
We also work closely with your accountant. Joined-up advice between your financial planner and your accountant makes a real difference. We make sure we’re pulling in the same direction.
- 0+
- 0+
years in business
Free
Initial consultation
How we help you plan financially as a business owner
We look at your business and your personal finances together, because the two are inseparable. Everything we build is based on your income structure, your goals, and where you want to end up.
- Our approach
- Cash flow planning
- How we can help
- What you get
The biggest wins usually come down to two things: tax efficiency and protection.
On the tax side, the opportunities are often significant, and most business owners miss them. Contributing to a pension through the business is one of the most effective ways to reduce corporation tax and draw profits efficiently. It builds personal wealth at the same time. We model this through cash flow planning so you can see the long-term impact, not just this tax year.
On the protection side, most businesses are more exposed than their owners realise. What happens if a key person dies or becomes seriously ill? Is there a plan? These aren’t comfortable conversations, but they’re important ones.
We build a personal cash flow plan that incorporates your business: your income from it, how you draw that income, and what you want your financial life to look like when you eventually step back
Most business owners’ personal finances are tied directly to the business. How you pay yourself, when you plan to exit, what the business is worth. All of it feeds into your personal financial picture. We make sure that picture is complete.
Your cash flow plan is a live document, updated at every meeting. Because your circumstances change, and your plan should too.
For your business:
- Shareholder and partnership protection
- Key person insurance
- Relevant Life policies (tax-efficient life cover via the business)
- Executive Income Protection
- Group pensions and employee benefits
- Corporate investment planning for surplus business funds
- Debt protection
For you personally:
- Cash flow planning that incorporates your business income and exit goals
- Personal pension advice tailored to your requirements including corporation tax reduction through pension contributions
- Drawing profits tax-efficiently through salary, dividends, and pension contributions
- Corporation tax reduction through pension contributions
- Business exit and succession planning
- Personal protection alongside your business commitments
- Cash flow planning report is personal finances only, not business.
- A recommendation report detailing what we’re recommending, why, and any implications to be aware of
- Clarity on how to draw income most tax-efficiently for your situation
- Regular reviews including an annual suitability review to check you’re on track and adjusting where required with your dedicated financial advisor
Pensions: A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Investments: Your capital is at risk. The value of your investment (and any income from them) can go down as well as up and you may not get back the full amount you invested. Protection: Life Assurance plans typically have no cash in value at any time and cover will cease at the end of term. If premiums stop, then cover will lapse.
How we work with you
Discovery
We meet to understand your situation, your current financial position, your goals, and your attitude to risk. We explain our services and how we charge. This stage is always at our expense.
Strategy
Once we have everything we need, we build your bespoke financial strategy. This includes a lifetime cash flow model of your estate to build give you a clear picture of your financial future, year by year.
Recommendations
We arrange a meeting to present our recommendations in detail. We treat every client as we would our own family, explaining everything in plain English.
Track
Once recommendations are in place, we set you up on your Personal Financial Portal (MyPFP) so you can see your financial picture at any time or provide you with your Personal Financial Folder (PFF).
Review
We meet regularly to review your plan, check you’re on track, and make adjustments as your life or circumstances change.
You’ll work with one advisor, who knows your business and your personal finances.
Running a business means your finances are more complex than most. Your advisor needs to understand the business side and the personal side, and how the two affect each other. At Chameleon, you work with the same person throughout. They’ll know your business structure, your income, your goals, and your plans for the future. When things change, they’ll already have the context to help you respond.
Contact us
Get in touch
Whether you have a specific goal in mind or just want to understand your options, we're happy to have a conversation. Get in touch and we'll arrange a free, no-obligation Discovery meeting at a time that suits you.
Reach out to us:
Address
Unit 5A Marsh Mill Village,
Fleetwood Rd North,
Thornton-Cleveleys,
FY5 4JZPhone
01253 532390Address
Murley Moss Business Park,
Oxenholme Rd,
Kendal
LA9 7RLPhone
01539 234177