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:
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.
If you would like to speak to one of our experts about a SSAS, click here.
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A. Stevenson, personal financial planning client
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