Looking for the Most Tax-effective Way to Secure the Future for You and Your Business? Look No Further Than a SSAS Pension!

About Us

SSAS pensions have been around since the 1970s, but have become increasingly popular in recent years due to their flexibility and tax advantages. They are a type of occupational pension scheme, meaning they can only be set up by a trading limited company. 

Saving for retirement and achieving financial security can often feel like a complex puzzle with missing pieces. Traditional pensions can have limitations, and let’s be honest, who enjoys navigating a maze of complicated taxation allowances and restrictions?

That’s where SSAS pensions come in – powerful and tax-efficient schemes designed specifically for small businesses and their owners. Think of a SSAS as a personalised investment pot, with some serious tax perks. It’s a hybrid, combining the security of a trust with the tax benefits of a pension scheme. But unlike traditional pensions, a SSAS offers greater flexibility and control over the landscape of your financial future.

A SSAS pension may be right for you if...

You're Planning for an Exit Strategy

Transitioning out of your business can be a challenge. A SSAS Pension can help you accumulate funds to smoothly exit your business. You can even use it to purchase commercial property to provide additional income in future years.

Building Up Retirement Income is a Priority

Through the use of employer contributions into SSAS and consideration of “carry forward”, you could potentially increase the amount you can contribute, accelerating your path to a comfortable retirement.

You Want to Include Family in Your Financial Security

If your business is family-run, you’ll likely want to include them in your long-term financial planning. With a SSAS, you can appoint family members as trustees and potentially pass on assets to them within the scheme, fostering a legacy for generations to come.

Frequently Asked Questions…

A SIPP (Self-Invested Personal Pension) is for individuals, while a SSAS is designed for a small limited company with at least one employee (including directors).

Absolutely! Transferring an existing pension into an SSAS can be a straightforward process. Our team at The SSAS Bureau can help you navigate the switch and ensure a smooth transition.

To set up an SSAS, your business must be a limited company with at least one employee (including directors).

Yes! This is a unique feature of SSAS pensions. You can use your SSAS to invest in commercial property, potentially generating rental income that benefits both your business and your retirement fund.

Contributions to a SSAS are typically tax-deductible for the company, and any investment growth within the scheme is generally free from corporation tax. Additionally, up to 25% of the pension pot can be taken as a tax-free lump sum at retirement, known as Tax-Free Cash. The remaining benefits drawn from the SSAS at retirement are subject to income tax, similar to other pension schemes.

Unlocking the Full Potential of the SSAS Pension

High Degree of Investment Flexibility

You, as the trustee, decide how the funds are managed. This allows you to tailor the investments to your specific needs and risk tolerance, unlike traditional pensions with limited investment options.

Control Over
Your Pension

SSAS offers a significant level of control. Member trustees make investment decisions, giving you the power to shape your retirement future.

Specialist
Support

Should you want or need, our trusted partners can provide you with Financial Advice, Tax Advice or Accounting to fully optimise the success of your family pension.

Unique Features

SSAS offers several features not found in traditional pensions, such as the ability to:

  • Buy and hold commercial property
  • Lend funds back to the sponsoring business (subject to HMRC regulations)
  • Appoint new members
  • Pass on assets to new or existing members upon the death of an existing member

 

The SSAS Bureau goes beyond just explaining the basics. We’ll work with you to understand your unique business goals and craft a bespoke SSAS solution that enables you to achieve financial security.

Ready to unlock the power of the SSAS for your business?

We're not just about setting up SSAS schemes; we're about enabling business owners to take control of their financial future. When you choose The SSAS Bureau, you become part of a community dedicated to maximising the benefits of SSAS pensions - reach out and join us today!