Self-Administered Pensions

Small Self Administered Schemes (SSAS) are pension schemes designed for use by business owners, who might be company directors, for themselves and their employees.

The SSAS is established under trust. This means that the members have a right to benefit from the scheme, but the assets do not belong to any particular member.

In addition to the tax advantages of setting up a SSAS, the wide investment opportunities can add wealth to a business.

For example, contributions paid to a SSAS can be used to:

• Loan up to 50% of the net assets of the scheme back to the principal employer (or any other participating employer)
• Buy commercial property either from the establishing or a participating employer, or indeed any third party and lease it back to the employer or a third party at a commercial rent
• Borrow up to 50% of the net assets of the scheme either to fund an investment, or to help finance other trustee commitments such as the payment of pension or death benefits

With good corporate financial planning advice, the innovative entrepreneur can make a SSAS work for their business, whilst building up a substantial pension fund to benefit them, and their family, in retirement.

We can help to develop solutions which can, for example, generate a pension scheme valued at more than twice its cost to the company, whilst at the same time reducing the company's corporation tax bill, increasing the value extracted from the company's profits and increasing the funds available for company investment.