What are SSAS pensions? Is a SSAS pension a good idea? What do I need to know? What are the rules? These, amongst others, are questions we answer every day.
Pensions do not have to be complicated. With the right support, you can start taking control quickly and easily with a SSAS.
What is a SSAS?
SSAS stands for Small, Self-Administered scheme. It is a type of pension scheme, allowing from 1 to 12 members to pool their pensions and invest the funds at their own discretion.
What are the basics?
To start a SSAS pension you must be a company director.
To make a SSAS pension worthwhile, we suggest you have a minimum of £75,000 to transfer into the SSAS
Registration takes up to 10 weeks
What are the advantages of a SSAS pension?
Pension growth, greater control and flexibility, enhanced tax planning, loan to your business, invest in commercial property and build a legacy.
Does the SSAS fit within your framework?
The key to a successful SSAS is in having a clear strategy for your business, personal and retirement goals and a view of your ‘end game’. Once you have these, with the right support, a SSAS can be tailored as an invaluable tool to meeting your desired outcomes.
Rules and regulations
A SSAS is a corporate pension so does not sit under the Financial Conduct Authority regulations.
A SSAS must adhere to HMRC regulations.
It is important to work with professionals to manage this area of your SSAS.
Can I invest my pension in my business?
Yes! With the SSAS Loanback facility you can invest up to 50% of your pension into your business.
What types of property can a SSAS invest in?
A SSAS can invest directly in commercial property, it cannot invest in or hold residential property.
What else can I invest a SSAS in?
A SSAS can invest in all of the same investments as traditional pensions, as well as your business and in commercial property, but with far more control and flexibility.
The Value of Pension and Investment ...