Enabling Devon’s business owners to live the retirement they wish without money worries

Guest post by Andrew Neligan of Neligan Financial

I established Neligan Financial in 2016 having moved back to this wonderful county after 20 years away (it pulls you back sooner or later!).

The purpose of the firm is to enable Devon’s business owners to live the retirement they wish without money worries. In practice this involves working closely with my clients to help uncover what really matters in life, working out if they are on course to be able to do that when they wish to and, if not, formulating and implementing the actions to make it achievable.

The typical questions I answer for my clients are:

* What will happen to my wife and children if I die or can’t work?

* What will happen to my business if my business partners die or have an accident?

* How much wealth do I need to accumulate so I can stop working?

* When can I afford to start phasing into retirement?

* How can I use my business to help achieve my personal goals?

* How can I legitimately minimise the tax I pay?

The problem is you think you have time

The single biggest regret I hear from people as they near their intended retirement age is they should have started preparing for it sooner. This is either because they haven’t built up enough wealth to fund their ideal retirement lifestyle and will have to “cut their cloth accordingly” or they’ve worked out that they will have more than enough so could have stopped working sooner. Not only that but the Government is going to be the major beneficiary of all the money they’ve accrued.

“My business is my pension”

I’ve also heard people say they’ll either sell their business or step away but continue to receive dividends throughout their retirement.

Either may be possible but it is also a high risk strategy for a time of life when risk will want to be reduced and control increased.

Consider all the business that have closed over the past five to ten years. It may have been a result of the Credit Crunch, a new competitor moving in or a technological change making your product or service less competitive. How would this affect you and your family if it were to happen to you when you retire?

If your plan is to leave the day to day running of the company to the next generation or a management team how can you be sure that they have the same passion, drive and abilities that made it successful in the first place.

What is your business worth?

Consider this: if someone advised you to take that capital value of your business and invest it in a small, illiquid company would you do it or run a mile? My guess it would be the latter but you are taking this decision every day with your business that you have poured blood, sweat and tears into. Would you really want to risk your retirement on it too?

Your business is a great way to increase your wealth but there are also many opportunities to reduce the personal risks you are exposed to and minimise the tax you pay now and in retirement.

The key is to ensure your business and personal objectives are aligned so that you are in control of when you stop rather than having your business decide when you can.

If you would like to discuss how you can use your business and live your ideal retirement without money worries, please contact me. First meetings are at my cost and without obligation to proceed with my services.

Neligan Financial Limited is an appointed representative of Best Practice IFA Group Limited which is authorised and regulated by the Financial Conduct Authority. Company registered in England number 09948729. Registered office: 28 Alexandra Terrace, Exmouth, Devon, EX8 1BD

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Propello – cycling training, coaching and guiding

 Propello is a cycling focused health and fitness business delivering Performance Training Programmes and Bespoke Coaching to cyclists anywhere in the world. Their mission is to help people achieve lifestyle, training or event goals and to improve their cycling performance either with friends, on club rides, in charity rides and sportives, races or long distance super sportives.

The Propello Training Programmes and Bespoke Coaching are designed to continuously improve the efficiency of the body to deliver an improved standard of performance. All cyclists who are looking to improve their speed, endurance or strength will benefit from a structured training programme. Propello Training will improve how your muscles, lungs and heart work and will enable your body to transport and utilise fuel effectively – making you faster and stronger for longer.

In addition They organise a range of guided road bike rides in the Exmoor National Park to share the unique countryside that Exmoor and the North Devon coast has to offer.

Visit their website and Facebook page.

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Darren Smallbone – double glazing repair and maintenance

IMG_1856-0.JPGWebsite: www.darrensmallbone.co.uk
Email: darren@darrensmallbone.co.uk

Tel: 01271 830936.
Mob: 07767 317 072

  • General Servicing/Adjustment
  • Misty Units
  • Handles, Hindges &
  • Locking Mechanisms Replaced
  • Letter Boxes Replaced
  • New Cylinders
  • Conservatory Roof Vents Fitted
  • Windows, Doors & Conservatories Cleaned & Re-sealed
  • Cat Flaps Fitted
  • Child Window Restrictors Fitted
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Heads up for Sheepdog, Falconry and Farmyard Shows at Borough Farm near Woolacombe @borough_farm

A big heads-up for the sheepdog, falconry and farmyard shows at Borough Farm near Woolacombe. Run by farmer and best-selling author David Kennard and with falconry provided by David Pile, they’re great entertainment for all the family. Whilst the brilliant farmyard shows have now come to an end for this year, there’s still a further couple of sheepdog and falconry displays. You can see more details here.

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Exhibition of paintings by Mark Woollacott at Echo Beach Fine Art Gallery in Ilfracombe at Ilfracombe

The stunning, large, photo-realistic maritime paintings by West Country painter Mark Woollacott are currently on display at Echo Beach Fine Art Gallery at Ilfracombe this August, in association with Art Trek.

This month-long solo exhibition runs until Sunday 31st August, and shows Mark’s finest and most recent maritime paintings, all showcased in the picturesque North Devon coastal town, which now boasts nine art galleries and numerous craft shops and has already attracted several high profile published UK artists to the town and continues to be a growing, exciting and vibrant hub for the arts in Devon.

Mark is helping to raise funds for the Ilfracombe RNLI, which need a new state-of-the-art Shannon class lifeboat and launcher/recovery system, and is donating 10% from the sales of his paintings to the RNLI. Echo Beach Gallery owner, Nina Lording, has created a RNLI display in the gallery complete with equipment, fundraising literature and a RNLI collection box kindly lent by the Ilfracombe RNLA president, so visitors to the gallery can also give donations if they wish to.

Included in the exhibition is Mark’s dramatic painting of the record-breaking J.P. Morgan Ben Ainslie Racing AC45 catamaran, which is to be displayed for public viewing for the very first time. Painted on canvas and measuring 36in by 24in, it is priced at £1,695.  Also on show will be one of Mark’s many paintings of Thalia, a historically important Victorian gaff-sail cutter, owned by David Aisher, Rear Commodore of Yachting at the Royal Yacht Squadron, Cowes, Isle of Wight. Another impressive painting on display will be Coral of Cowes, an elegant wooden yacht built in 1902. This painting measures 47¼in by 31½in and is priced at £5,950.

Mark trained in Art and Design in 1982 and has worked and lived in the Westcountry all his life. He is constantly inspired by the North Devon coastline and by the elegance and beauty of sailing boats. Mark spends weeks working on his detailed acrylic paintings. His painting style is best described as ‘photorealism’, where he pays careful attention to light, shade, detail, and colour interpretation in order to achieve a high degree of artistic realism. As a professional studio-based artist, he paints in a traditional manner to produce artworks that centre predominantly around maritime themes.

Echo Beach Gallery, 4 Broad Street, Ilfracombe, Devon. EX34 9EE.
Open seven days a week 11am-5pm. Free admission. 01271 267007 or echobeachgallery.co.uk

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Fairlinch Camping in Braunton, North Devon – highly recommended

fairlinch-tariffs071If you’re thinking of taking advantage of this great Summer heatwave and taking a trip to the beautiful beaches of North Devon then I’d highly recommend Braunton’s Fairlinch Camping. It’s on the edge of the village of Braunton with all its shops, pubs and restaurants and more importantly just a few minutes from the stunning beaches of Saunton Sands and Croyde. Above all it’s run by local farmer Richard Dyer who is as friendly, honest and straightforward a person as you’re ever likely to meet. It really is the real deal for authentic Summer camping in the West Country. Better still prices are just £9 per night for adults and £3 per night for under 12s with a special family deal of £20 per night for 2 adults and 2 children. There is still availability and if you’d like to book then call 07969 080873. Feel free to say that you read about the campsite here. You can also visit their website here.

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21 June – Join the Heanton Punchardon abseil

Join the Heanton Punchardon abseil 2014 – Christian Aid South West. 21 June 2014: challenge yourself to do something different this June! For more details click here.

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All the right notes, and in the right order: DUNCAN HONEYBOURNE and NDS play Grieg at the Landmark

North Devon’s resident symphony orchestra, the North Devon Sinfonia, is joined by one of the UK’s leading pianists in the famous Grieg Piano Concerto at the Landmark Theatre on Saturday 10th May.

Award-winning pianist, teacher and broadcaster Duncan Honeybourne is the soloist in the Grieg A minor concerto – a work which audiences of a certain age will remember being murdered by Eric Morcambe in the classic 1971 comedy sketch.

Mercifully – unlike Morcambe, who famously played “all the right notes; but not necessarily in the right order” – Duncan can be relied upon to give a sparkling performance of this much-loved concerto.

A graduate of the Royal Academy of Music and Birmingham Conservatoire, Duncan tours extensively as a recitalist and can often be heard performing on Radio 3. He is also currently Tutor in Piano at Southampton University and gives regular masterclasses and lecture recitals.

In 1999, at the age of 22, Duncan was diagnosed with Asperger’s Syndrome. He has since built a reputation as a thought-provoking and entertaining speaker on his experience of life on the autistic spectrum.

Duncan’s performance will mark the climax of a thrilling concert by the North Devon Sinfonia at the Landmark. Other works in the programme include Mendelssohn’s overture The Hebrides, the Slavonic Dance No.8 by Dvorak and Stravinsky’s dramatic orchestral suite from his ballet The Firebird.

• North Devon Sinfonia performs at 8:00pm on Saturday, 10th May at the Landmark Theatre, Ilfracombe. All seats £12 (under-18s free) and are available from North Devon Theatres box office: 01271 32 42 42. www.northdevontheatres.org.uk

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Street and beach food in North Devon

There’s street and beach food in abundance in North Devon at the moment and the following is a list of those we’ve noticed or read about. The days mentioned below are generally when they are there. Check their websites to double check they’ll be there on the particular day and also to see some of their menus.

Calaca Loca Taqueria Truck serving chilli, tacos,quesadillas & salsas in Braunton on Friday evenings 5-8pm. You can also pre-order by telephone.

Monty’s Caribbean Kitchen Caribbean food run by Patrick and Angelina. You can also pre-orders by telephone.

Phansit’s Kitchen Authentic Thai food in Fremington on Saturday evenings.

Barricane Beach Cafe Serving delicious home-made Sri-Lankan curries at the beach just above Woolacombe.

Miles Fish and Chips Fish and chips in the middle of Georgeham on Monday nights from 5-8pm.

 

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12 March – Author Lilian Harry at Braunton Library

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7 March – Elles Bailey at The King’s Arms in Georgeham

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7 March – Fair Trade Fashion Show at Wrafton Hall

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31 Jan – ‘Strictly Come Prancing’ in Braunton

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Introducing Wavedreamer Gallery @wavedreamers

Screenshot 2013-11-21 07.50.32A big heads-up for Wavedreamer Gallery with a collection of absolutely stunning photographs. All of their photos are available as unframed prints or canvas stretched over box frames, hand made in their workshop and gallery in Woolacombe, North Devon. You can browse their images by location, subject matter or by one of their local photographers. Find the image that inspires you and celebrate the natural world in your lounge with a huge canvas or take your holiday home with a high quality print! Oh, and don’t forget to like their Facebook page!

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28 November – Carriage House Christmas Gift Fair

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