Lifecycle of a Partner

Crowe Casts

26/06/2024
Lifecycle of a Partner: Part one

In this series of Crowe Casts, Nicky Owen, Head of Professional Practices draws on her experience as a partner and speaks openly about what to expect and the things you should consider.

Episode one: Becoming a Partner      Episode two: Being a Partner      Episode three: Retiring as a Partner


Nicky talks through the questions that may be going through your mind – and more importantly, what questions you should be asking. She explains how becoming a partner can be both exciting and daunting, as she helps you to prepare for this new stage in your career. 

 

Nicky speaks openly about being a seasoned partner – someone who is neither new, nor retiring. She talks through some of the financial planning you may now need to be undertaking, support you should be offering as well as the impact this position can have on your work/life balance. Nicky explains both the rewarding and sometimes stressful side of being a partner, as she helps guide you through this next stage in your career.
 

Nicky speaks candidly about retiring as a partner. She talks through some of the questions you should be considering pre-retirement and the importance of planning for this next stage of your life.

  • What does your LLP agreement say about retirement age?
  • Are you going to have a stepped retirement?
  • Will you reduce your hours?
  • Will you become a salaried member?
  • What impact will this have on your tax position?

Nicky explains the importance of strategy, helps guide you through this next stage in your career and offers tips on how to make this a seamless and hopefully stress-free process.

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Nicky Owen
Nicky Owen
Head of Professional Practices