Free tool

SSAS loanback and funding calculator

See how much your SSAS could lend back to your business - and what the repayments look like depending on the amount, term and interest rate.

2 Would you like to repay loan monthly or annually?
3 What level of funding do you require?
0
0
4 Select your repayment option
5 Select the level of interest that you wish to pay back to your pension
6.25
15

Your quick quote:

Total amount of Pension-led funding required:

0

Monthly capital interest payments returned to your pension

Annual capital interest payments returned to your pension

0
0

Total repayable over term

0

'.str_replace('[sum]','0Quick note is indicative and intended as a guide only. Arrangement and administration fees apply. The example above is for loands from a Small Self-Administered Scheme (SSAS) pension and must be secured by a first legal charge over assets of greater value than [sum] The interest rate set must be at an appropriate commercial business funding rate. The loan is restricted to 50% of the scheme value and must be repayed in equal installments over a period not exceeding 5 years. Failure to repay some or all of the loan will result in loss to your pension fund equal to the sum not repaid and could result in tax charges.

How the calculator works

A SSAS can lend money back to your sponsoring employer for any valid business purpose. HMRC rules set clear limits on how the loan must be structured:

  • Maximum loan: 50% of the total scheme value (combining all members' funds if you choose).
  • Maximum term: 5 years, repaid in equal instalments.
  • Interest rate: must be at a commercial rate - the calculator uses the current base rate plus a margin, with a floor of 6.25%.
  • Security: the loan must be secured by a first legal charge over assets worth at least as much as the loan.

Enter your pension value and other members' pensions to see the maximum available, then adjust the slider to your required amount. Choose your repayment frequency, term and interest rate to see monthly or annual payments and the total repayable.

The figures are illustrative only. Arrangement and administration fees apply and are not reflected here. Speak to an adviser to confirm the numbers against your scheme.

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