Why choose a SSAS?

A SSAS can provide financial flexibility for a business. For example, in line with HMRC rules, the SSAS can make a loan to the sponsoring employer or purchase commercial property to lease back to the sponsoring employer at an open market rent.

Under current legislation a SSAS enjoys considerable tax benefits:

  • Employers’ and Employees’ contributions normally qualify for tax relief in the year they are made
  • Investments (other than dividend income) are generally exempt from UK Income Tax and Capital Gains Tax (CGT)
  • Lump sum benefits on death will normally be free from Inheritance Tax
  • On retirement, a tax free lump sum of up to 25% of the fund can be drawn down (limited to 25% of the Lifetime Allowance), unless the lump sum is “protected”.

Contact us for more about SSAS.

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  • SSAS and Legal Entity IdentifiersWhat are Legal Entity Identifiers and Does Your SSAS Need One? From 3rd January 2018 it will be a requirement for legal entities and structures to obtain a reference called a Legal Entity Identifier (LEI) from the London Stock Exchange in order for the trustees of a SSAS to carry on investing. This» Read More
  • Mr A.W.PML has been my pension adviser for many years. PML are helpful, approachable and knowledgeable.