Small Self-Administered Scheme (SSAS) pension specialists
Bootham Pensions & Investments believe that in the right circumstances, a Small Self-Administered Pension Scheme (SSAS) can be a powerful tool for your business. We can help you establish and make the most of your SSAS, with comprehensive business and financial guidance throughout the duration of your scheme. With Bootham Pensions & Investments you are supported throughout when it comes to managing your SSAS business pension.
What is SSAS?
A SSAS, or ‘Small Self-Administered Scheme’ is a registered pension scheme designed specifically for small businesses.
Fund my business
Pension-led funding offers business owners true flexibility, with the option to invest a portion of their pension into their own company.
The SSAS benefits
The purpose of a SSAS pension is to provide a pot of money for you to fund your retirement. It has a number of unique benefits for business owners, including the ability to improve cashflow by providing a loan back to your business. It can also be used as an attractive planning tool to reduce Corporation Tax.
A SSAS is registered with HMRC and benefits from 3 key tax reliefs.
Your company and personal contributions are deductible against tax
No capital gains tax to be paid on disposal of investments
Take out a tax free lump sum on retirement from 55 years of age
Trust & Succession Planning
The scope for succession planning is a final tax benefit of pensions and SSAS pensions. Utilising Life Time Allowances can be an effective way of reducing Inheritance Tax (IHT), enabling you to pass family assets efficiently to the next generation. Although, IHT planning is not the primary use or design for a pension, with the right guidance it can be a powerful solution. With excellent industry contacts and access to bespoke trustee consultations, please get in touch for further information.
Risk warnings:
A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.
The tax treatment is dependent on individual circumstances and may be subject to change in future.
Inheritance Tax Planning advice is not regulated by the Financial Conduct Authority.
Your information will not be used for marketing purposes.
