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The Benefits of SSAS
WHY IS IT RIGHT FOR YOU?
- Most profits, interest or gains made by assets in the SSAS are exempt from tax.
- There is no minimum contribution, and no need to maintain a specific level of contribution which gives total flexibility for the company.
- Company contributions attract corporation tax relief (up to £235,000)
- You may use the Fund to purchase the Commercial Premises from which your business trades.
- If you did, on resale the property would be free from Capital Gains Tax.
- Capital tied up in existing pension arrangements may be transferred to your SSAS improving the investment scope and enhancing the flexibility of your Fund.
You should seek professional advice from an Independent Financial Adviser to ensure that such transfers are appropriate for your circumstances
- The SSAS might help in with your Exit Strategy from the business, and your Succession Plan for the business.
- Provides a positive provision for the financial security of your family.
- Fund can be used to make loans to your business, subject having suitable security.
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