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Setting up a business

More and more people are thinking about setting up their own businesses. And why not? It’s easy to start one and it doesn’t matter what age you are. Many retirees, for example, see it as the perfect opportunity to do something they’ve always dreamed of, particularly as they have the free time and potential financial security from their pensions.

Becoming your own boss can be one of the best decisions you ever make. But there’s a lot to think about if you want to seize the opportunity – and not just about the business itself. We’ve started this short guide with a couple of the personal and financial points you may want to consider, as they aren’t always given the same level of focus, particularly for people who are keen to take the plunge.

Get personal
Think finances first
Do some research
Make a plan
Decide on a structure
Do the paperwork to get started
Don’t forget your retirement savings

Whatever you do decide to do - good luck!

Other life moments

When your children move out

Life can change a lot when your children move out. We explore the opportunities and the challenges.

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Moving into retirement

Retirement can be a gradual change or a sudden shift. The important thing is to make sure you do it in the way that’s right for you. We can help you get ready for it.

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Important information
Fidelity Personal Investing does not give advice based on personal circumstances, so you are responsible for deciding whether an investment is suitable for you. The value of investments can go down as well as up, so you may not get back what you invest. Tax treatment will depend on your personal circumstances and tax rules may change in the future. If you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Pensions cannot normally be accessed before the age of 55.

Invest in what’s next

What’s life really like for people right now? Download our Modern Life Moments report to find out.