Cash in
Years of hard work paved the way for this payday - we'll ensure you get to keep as much in your pocket as possible.
Smooth transition
Seamlessly transition from business owner to retirement with a clear timeline and the right financial structures in place.
Future-proof
Map out your path to financial freedom, taking steps to safeguard your wealth no matter what happens with markets or life-changes.
Plan for your next chapter
Whether that means relaxing, traveling, spending more time with family or even launching new ventures.
We'll work with you to proactively prepare your finances for the day you step away from the business, ensuring a smooth transition.
We collaborate with your accountant and solicitor so everyone is on the same page and helping you move forward.
Lume Wealth is a Brisbane and Gold Coast financial planning firm providing tailored advice to business owners selling their company. We specialise in working with doctors, pharmacists, trades people, medical professionals and other specialists to maximise sale proceeds, minimise taxes, and structure finances for a smooth transition to retirement.
Whether you built a pharmacy, trade, medical practice or other specialty business, our expert team guides you in making the right financial moves when exiting so you keep more rewards and feel fully prepared for what’s next.
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Business owners selling
Ideally 2 to 3 years before you plan to sell. This gives time to structure the sale in a tax-effective way, build personal wealth independently of the business, and ensure you have a clear plan for the proceeds.
Yes. We advise on business succession and estate planning, including how to structure an intergenerational transfer in a way that’s fair, tax-efficient, and aligned with your wishes.
We have strong experience with doctors, medical specialists, pharmacists, trades, and professional services. We also advise retail and wholesale clients.
Capital gains tax is typically the most significant, but there are concessions available to eligible small business owners that can substantially reduce what you owe. The way the sale is structured, including how proceeds are allocated and which entities are involved, makes a material difference to your tax outcome. Getting advice before the sale is critical.
The sale may create an opportunity to make significant super contributions under the small business CGT concessions, depending on your eligibility. These rules are complex but can be very valuable. We’ll assess whether they apply to your situation and structure things accordingly.
It’s common, but it does carry risk. Business value can fluctuate, sales can fall through, and timing is rarely perfect. We help business owners build personal wealth alongside the business over time, so the sale proceeds are a boost rather than your only safety net.
This is one of the most important questions we work through with clients post-sale. We model your projected income needs, structure investments to generate reliable income, and plan drawdowns in a tax-efficient way so your wealth works for you over the long term.
The financial and tax implications can differ significantly. Succession to family involves different structuring considerations, potential gifting issues, and estate planning complexity. We advise on both scenarios and help ensure the outcome is fair and efficient.
Yes. We can work through the financial readiness questions with you: whether your personal finances are sufficiently independent of the business, what price you’d need to retire comfortably, and what lead time is needed to structure things well. You don’t have to have a firm exit date to benefit from starting the conversation.