What are Lifetime Business Tax Plans?

Put simply, Lifetime Business Tax Plans are powerful and flexible vehicles that enables alignment of your business, wealth, investments and financial situation, legally allowing you to minimise your tax liability.

A Lifetime Business Tax Plan is an all-in-one solution to protecting wealth at the same time as growing it for the generations to come.

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This carefully constructed, all-in-one tool for business owners exclusively

Retirement planning and family investment concept

The Family Investment Company

As part of a Lifetime Business Tax Plan, the Family Investment Company element enables company cash to be moved into the bank account linked to the plan. Shareholders of the original trading company (that may have inadvertently become an investment company) remain in full control of all the cash, but that cash is effectively held in trust for the benefit of their family.

This simple element of a Lifetime Business Tax Plan removes the tax charge in its entirety and allows the beneficiaries to receive the full cash balance. The cash can be invested within the plan, in any asset class from property to shares, and tax is only applied to the gains made through the investments, not the actual cash held. Most importantly, the grey area of whether the company has become an investment company or not is removed and BPR can be claimed on the company share value.


Board of directors

A Small Self-Administered Scheme (SSAS)

The SSAS is another essential business tool, exclusively available to company directors, and forms the second element of a Lifetime Business Tax Plan.
A SSAS is a form of tax exempt savings account, that can receive profits from a Family Investment Company, without suffering a tax charge. A SSAS can also make investments which are not subject to either capital gains tax or corporation tax.

A significant benefit of a SSAS is that it can receive your dormant, frozen or current pensions, which can then be invested in your trading company, property or other asset classes. Moreover, family members can also pool dormant or current pensions to increase the investment potential of the SSAS.
The key benefits of a SSAS:
– No capital gains tax or corporation tax
– 0% tax on investment returns
– Invest historic or current pension plans in your own business
– Pool pensions with other company or family members to achieve  greater investment power
– Invest in commercial property
– Purchase your own business premises
– Invest in property crowdfunding
– Ring-fence assets
– Create a more flexible retirement plan, to the benefit of your successors and beneficiaries
– Create a robust succession plan for the business

The fundamental premise of
a Lifetime Business Tax Plan…

…is to give company directors the control and the ability to protect their wealth for their family and put the mechanics of succession into place whilst continuing to grow their business.  The strategies of a Lifetime Business Tax Plan focus specifically on overcoming the issues of investing company profits, mitigating company and inheritance tax, allowing company directors to invest at their own discretion and in addition, ensuring they are able to grow their pensions without the impact of huge tax penalties. By fusing the two key powerful components, a brige is created to allow innovative and formidable strategies to be created for you, the business and to provide a secure future your children, whatever the succession plan you have in mind for the business.

Guide to The Lifetime Business Tax Plan

A Lifetime Business Tax Plan is the ultimate succession planning solution to not only protect your wealth, but also grow it for generations to come.

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What our clients say

We have recently used this excellent company to set up a Family Investment Company. The complete process was seamless with our personal contact Jordan Sharpe explaining all the steps along the way in a very confident and professional way. They really do deserve this 5 star review.
Keith Jones
Keith Jones
Tlp have been fantastic with there advice and help in setting up my retirement plans , putting structures into place to help with future generational hand over of assets, great advice from Jordan Sharpe, easy to deal with and always on hand for help when needed, well done all, 👏 ✔️
Stewart Yardley
Stewart Yardley
Trustworthy Financial Advice with an Eye on the Future. I recently sought financial advice, and trust was my top priority. TLP not only met my expectations but exceeded them. Although their product didn't suit my current needs, their dedication to providing comprehensive information and support left me confident in utilising their services in the future. TLP's commitment to customer satisfaction was evident from the moment I approached them. They patiently and thoroughly discussed all available options with me, ensuring I understood the pros and cons of each. Despite not making an immediate sale, they generously shared their time and expertise, demonstrating a genuine interest in helping me make the right decisions. What impressed me the most about TLP was their transparent and honest approach. They didn't try to push any product on me that wouldn't serve my current financial situation. Instead, they focused on empowering me with the knowledge I needed to make informed choices. Their willingness to prioritise my needs over immediate profits spoke volumes about their integrity. I left my interaction with TLP feeling informed, confident, and assured that when the time is right, they will be my go-to financial advisory service. The trust they have established with me through their professionalism, dedication, and genuine care for my financial well-being is unparalleled. I have no hesitation in recommending TLP to anyone seeking trustworthy financial advice.
Robert Sidebottom
Robert Sidebottom
I was looking at setting up a Family Investment Company, during which I’d paid more than a few hundred pounds for a couple of Consultations. After which I’d received some rather expensive quotes for setting it up, as well as getting lots of complexed information about the process. Then I eventually stumbled across TLP while doing some related research. I was pleasantly surprised and more than pleased that they offered a No cost consultation. During which Lewis Jones, was able to simplify all the information and subsequently provide a much more realistic quote for the process. Not to mention the first year’s company accounting services that came for free and the ongoing advice from Lewis. Which has not only been financially beneficial, but as proved to be a great source of knowledge and education, responding to all my questions promptly. With my background not being in the financial and investment sector, his clear explanations put in a context that I was able to understand, has been invaluable.
Geoff Saunders
Geoff Saunders
Great support all the way through the process very professional good knowledge and friendly service. I would highly recommend
Andew Clymo
Andew Clymo
From the start of the transfer to the end TLP have been always available to me, they have kept me informed throughout the process and offered help and guidance when required. Excellent service that is highly recommended
Andy Page
Andy Page
Now fully set up with a Landlords pension and very pleased with the overall service. Only delays were with AVIVA not playing ball but now all done and set to earn significantly more than with AVIVA. Jordan Sharpe was knowledgeable and guided me through the whole process with a professional and friendly approach. Morwena (assistant) was again very friendly and together made the process a simple one. Looking forward to a better retirement (eventually) thanks to TLP.

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