Financial Advice for Business Owners & Company Directors

Underpinning business success with a strong financial plan

You know your business better than anyone. Whether you are just starting out or are managing a growing company, running a business is time-consuming and it can be easy to lose track of your personal financial situation. That’s where we come in – a financial adviser at Borealis Financial Planning can help you to create a flexible financial plan that evolves alongside your business and personal goals.

As a business owner, your personal and professional finances are likely to be intertwined. Unlike an employee who often benefits from a company pension and life insurance, a business owner needs to arrange this for themselves.

We provide business owners with a tailored financial plan that goes beyond the basics—maximising wealth, protecting your assets, and planning for the future—through building a long-term relationship with you built on an understanding of your individual circumstances, business plans and personal financial goals.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Financial advice for Business Owners

  • Retirement & Income Strategies

    Create a retirement plan that aligns with your business goals

  • Business continuity & protection

    Options to protect your business against unexpected life events such as serious illness or loss of a key person in the company

  • Succession & Exit Planning

    Ensure a smooth tax-efficient transition of ownership – whether to family members, employees or a third party.

    Exit strategies may involve the referral to a service that is separate and distinct to those offered by St. James's Place.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.

Pensions and retirement planning for business owners

Many business owners or Directors rely on the sale of their company to fund their retirement. However, circumstances may change and the business may not be worth as much as you anticipated or it may take a long time to sell. It is important to mitigate risk by having a retirement plan in place.

At Borealis Financial Planning, we will work with you to open a personal pension and redirect company profits to pay into this pension which can be treated as an allowable expense, subject to an accountants approval, and can reduce your corporation tax bill. This  is an extremely tax-efficient way of extracting profits from the business while building a secure retirement income for you. This can be done as a lump sum payment or monthly payments.

We will advise you on which funds and underlying investments that your pension should be invested in, based on your individual circumstances and attitude to risk. You will meet with your adviser as often as necessary and also have an annual review meeting to analyse and check your circumstances to make sure your retirement plans are on track.

In the 2025/26 tax year, you can contribute up to £60,000 to your pension or up to 100% of your annual earnings (whichever is lower), you may also be able to carry forward any unused annual allowance from the previous three tax years. We can help you to calculate the maximum lump sum that you can contribute.

Protect your business and personal finances

Many self-employed individuals do not have life insurance, private medical insurance, critical illness cover or income protection in place, so they could find themselves without income if they were unable to work due to illness or injury.

If you set up life insurance paid for by your business then HMRC treat it is an allowable expense which reduces your corporate tax bill while giving your family peace of mind and financial security, should the worst happen.

At Borealis Financial Planning, we can compare quotes from the whole of the insurance market for a full range of insurance solutions.

Have you considered what would happen to your business if you were to die or be unable to work due to a long-term illness? We can help you explore options such as Key Person Protection or Shareholder Protection which are some of the solutions that could help your business to stay afloat.

Succession and aspects of business exit strategy planning

Even if you are planning on working and growing your business for many years to come, thinking about your exit early is vital to ensuring a smooth transition and maximising the value of your business.

At Borealis Financial Planning, we can advise you on the tax implications of different exit strategies, as well as make introductions or work alongside your existing accountants, solicitors, etc. and work as a team to help you prepare your business for sale.

Exit strategies may involve the referral to a service that is separate and distinct to those offered by St. James's Place.

The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.

Ready to take control of your business finances?

Assess where you are now and plan for where you want to be. Taking control of your business and personal finances is the start of creating the future you hope for. Book a no-obligation meeting today.

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