A G Smith & Co

Small Sole-Trader Wind-Up: Securing Income for Husband & Wife

Small Sole-Trader Wind-Up: Securing Income for Husband & Wife

By Brandon Hart (FMAAT), Accounts Manager

“The client was a small sole trader approaching retirement age and winding down the business. The husband and wife had concerns on how they would financially manage once he stopped working full time. They had little pension contribution, small savings amounts and they were not optimistic about their future incomes.

Two years earlier the wife had started to receive a small state pension based only in the following years:

  • 5 years qualifying earnings pre-becoming a full-time mother.
  • 15 years qualifying years post children leaving home.

She had received “family allowance” for some 20+ years whilst the children were growing up and in full-time education. The clients did not know that these years counted towards her state pension qualifying years and therefore she had sufficient qualifying years for the full state pension.

After a short telephone call to the pension service, the client received a back payment of £3,500 and an increased state pension going forward. They still thank me for this golden piece of information whenever I see them.”

Case Studies


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A Taxi Company Moving into the Digital World 2. A Taxi Company Moving into the Digital World Jordan Smith (BSc) Find out more >
Small Sole-Trader Wind-Up: Securing Income for Husband & Wife 3. Small Sole-Trader Wind-Up: Securing Income for Husband & Wife Brandon Hart (FMAAT), Accounts Manager Find out more >

Why Choose Us?

New Business, from Scratch

New Business, from Scratch

We’ll take care of everything and put you in touch with the right people to get you started.

No Hassle

No Hassle

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Flexible and Efficient

Flexible and Efficient

We can work to your timescale to get you up and running when you need, and as quickly as you need.

Free Initial Meeting

Free Initial Meeting

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Our team of professionals have every sector covered through years of experience, and are dedicated to helping you at any point in your financial year.