WHAT IS A SSAS?

A SSAS is a Small Self-Administered Scheme with up to 11 members, who can make decisions about their fund within HMRC guidelines. This makes a SSAS one of the most versatile, tax-efficient pension arrangements. 

A SSAS can bring a unique range of benefits to business owners:

  • Reduce corporation tax
  • Reduce personal tax
  • Create tax free revenue to your pension
  • Transfer current pension funds to help fund your business development
  • Lend pension funds to your business
  • Use property as a pension contribution
  • Protect your assets from creditors
  • Reduce inheritance tax
  • Invest in what YOU think is a good investment, within HMRC rules
  • Total control of your retirement planning

CONTRIBUTIONS


STANDARD CONTRIBUTIONS UP TO £40k P.A
ADVANCED CONTRIBUTIONS UP TO £500k TAX ALLOWABLE
CONTRIBUTIONS CAN BE MADE IN CASH OR IN-SPECIE, TYPICALLY IN A COMMERCIAL PROPERTY

COMMERCIAL PROPERTY


A commercial property can enter a SSAS as a contribution or a purchase. This has many benefits:

Corporation Tax – a property contribution may be an allowable expense and could reduce a company’s CT liability
Personal Tax – rental income is usually subject to personal income tax, not the case when the property is held in a SSAS
Purchase Cost - reduce the net cost to the business by purchasing commercial property through the SSAS
Inheritance Tax – bringing family into the SSAS as members can improve the IHT situation
Security – a SSAS is a trust. Assets held in the SSAS are protected from creditors

INVESTMENTS


A SSAS can hold the widest range of investments of any pension scheme. All investments must be cleared by our technical team, professional trustees and be within HMRC guidelines

Please note; SSAS Advisers is not regulated to give investment advice

BUSINESS FUNDING


A SSAS can loan funds to the sponsoring employer or to a third party company creating flexibility for the business whilst achieving tax efficiency.

Please note; conditions apply to loans to a connected party and loans to an unconnected party have a different set of terms and conditions. Please call for further details.

INHERITANCE TAX


A SSAS can be used as a family trust, where assets are passed within the SSAS to other family members. As the asset does not leave the trust, inheritance tax is not a consideration. This movement of asset also has the benefit of boosting the beneficiary’s pension rights without the constraint of the annual allowance limitations.

Please note; conditions apply. Please call for further details.

To discuss the SSAS benefits for your business please call SSAS Advisers

on 0191 580 1286 or email info@ssasadvisers.co.uk