SSAS
A Small Self Administered Scheme (SSAS) allows member trustees to make investment decisions not normally associated with pensions and more suited to an entrepreneur.
The major benefit to an owner director is the ability to ‘self invest’ within a range of investments, including secured loans to the company, commercial property purchase, intellectual property purchase, and company share purchase.
The SSAS is an ongoing funding mechanism for business owners, subject to terms and conditions. The decision to invest SSAS assets in a company is that of the SSAS member, the SSAS can therefore provide owner directors with an ongoing private banking facility that is not constrained by the lending criteria of traditional 3rd party funding options.
A SSAS, along with all other pension schemes is a tax efficient savings wrapper, therefore, the SSAS can also be used for effective tax planning, which can lead to significant tax savings.
All investments within the SSAS must be HM Revenue and Customs (HMRC) approved investments.
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