Retirement Relief November 2000 Retirement Relief Retirement relief has little to do with retirement but it is nonetheless a relief. Its main role is in passing on family businesses from one generation to the next. Retirement not necessary Employees normally retire from their employment.
Business people tend rather to fade away.
Retirement is less commonly a concept used in relation to a business person than it is in relation to an employee. Nonetheless, in practice retirement relief is a relief for business persons only. It has nothing much to do with retirement. In other words, he must be at an age when he might reasonably be thinking of retirement, whether he is doing so or not. The relief takes two forms.