Setting up a property SSAS is easy!
Jo Driver, business consultant, set up her own property SSAS pension scheme and reaped the benefits. Investing a SSAS pension in business or property.
Jo Driver, business consultant
Property & Pension Investment Success Story
It’s a common misconception that setting up a Property SSAS is difficult, time -consuming and costly. Much to the contrary, clients of The Landlord’s Pension can testify the complete opposite. Jo Driver of Cambridgeshire has just been through the process and now shares her story.
Further to a highly successful corporate career in IT training & consultancy, Jo Driver decided to take a leap of faith and start her own training and consultancy business. Not a person to shy away from a challenge she also began to invest in property at this time as a way to enhance her retirement planning and give her the additional income to enjoy the lifestyle she required.
Jo offers some background, “I had accrued funds in a personal pension whilst working in the IT sector and decided that I wanted to take greater control over the way these funds were invested, particularly now I had seen the benefits and returns of property investment” With this in mind she transferred her existing pension into a SIPP (Self Invested Personal Pension) hoping that this would give her the control over her investment that she desired.
“Unfortunately, the reality was that while I did have some autonomy it did not offer me exactly what I required” Jo stated. “I then looked at a Property SSAS (Small Self – Administered Scheme) pension option but on my initial investigations found this to be more complicated and expensive than I had hoped”.
“Fortunately, I got in touch with Mike Holt of The Landlords Pension who I’d worked with in the past in the property sector. Mike explained just how simple and inexpensive the SSAS process could be by choosing to work with the right people and company and started by ascertaining exactly what my individual requirements were and what my plans were for the medium to long term”
“The team at The Landlords Pension ensured that it was an easy experience, they assisted with researching to find a SSAS pension suitable for my circumstances, registering the scheme and completing all paperwork. I was kept up to date throughout the whole process”.
As Jo was busy continuing to grow both her consultancy and property businesses she chose to invest in a completely hands – off property investment. Further to extensive due diligence Jo chose to invest in a property bond which gave her a fixed return of 12%per annum over a 5 year term. This was supported by the security of a 1st legal charge of the property in which the funds were invested. “It’s fantastic, I was able to take a pot of money that just wasn’t working for me and grow this through fixed returns to secure my financial future” Jo commented.
To find out if you qualify for a Property SSAS call us on 020 3907 8400
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Paul Reid
01.09.2024
I am nearly through the setup process for my SSAS. HMRC have taken about 12 weeks to approve the scheme. TLPI have been quick in getting the SSAS setup process started and have monitored the HMRC approval, responding to questions HMRC asked. TLPI prepared the new bank account application and pension transfer request, ready to submit upon HMRC approval, of the SSAS. Time to complete the setup is as short as possible with TLPIs proactive setup process.
Kenneth Irabor
21.08.2024
I am incredibly pleased with the service provided by TLPI in setting up my SSAS pension. The team was professional, knowledgeable, and supportive throughout the entire process. They guided me every step of the way, ensuring that everything was handled smoothly and efficiently. Thanks to their expertise and commitment, I've already seen an initial successful investment, which has given me great confidence in their abilities. I highly recommend TLPI to anyone looking for top-notch support in managing their pension and investments.
Tommy Meads
19.09.2024
We used Jordan @ TLPI to set up a family trust for our company to purchase a commercial property. He was efficient, informative and professional every step of the way. If there were any queries during the whole process they were resolved promptly. This was our first dealings with family trusts and TLPI's guidance during this time was highly valued! I would highly recommend them!
Liam Thomas
15.08.2024
Jordan looked after us incredibly well from start to finish. Dealing with tax can be a complicated process but Jordan simplfies everything and takes the time to answer all of your questions in detail. Would highley reccomend.
Richard Smith
11.07.2024
TLPI provide a brilliant service full stop. From our initial conversations they have been extremely helpful, diligent and thorough. I can't thank them enough for their advice, pointers and guidance that they have provided so far. They have made something which to me is extremely complex and confusing feel very straight forward.
Cris Emson
29.05.2024
I much appreciate the help and guidance TLPI have given me in setting up a Family Investment Company, and now we have reached the end of the first year we are now preparing the first set of annual accounts. Again TLPI are proving invaluable is giving help and advice, and I am sure none of this would be possible without their expert support.
Keith Jones
17.08.2023
Tlp have been fantastic with there advice and help in setting up my retirement plans , putting structures into place to help with future generational hand over of assets, great advice from Jordan Sharpe, easy to deal with and always on hand for help when needed, well done all, 👏 ✔️
Big thanks to sue for all your outstanding work, sue kept me updated with my pension transfer every step of the way, I would have no problem referring them on to anyone who needs sound advice and financial pension planning, thanks again for all your help,
Vipin Varsani
03.08.2023
Very helpful through the whole process and after.
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