The UK’s No 1 SSAS administrators are offering a neat solution for a SSAS to make commercial loans back to the business.
Pension Practitioner .Com offers a simplified way for clients with small self administered scheme (SSAS) to make commercial loans back to the business. The UK’s No 1 SSAS expert has announced that it expects a rise in the number of SIPP holders seeking pension scheme loans through a SSAS.
A small self administered scheme is a pension scheme established by the operators of a business, who appoint themselves as members and trustees. They dictate investment policy and ultimately benefit from the proceeds. That investment policy can range from investing money in shares to loans to the business. By having a pension scheme loan to a business from a SSAS, the small business not only gets tax breaks on interest repayments but the pension scheme loan terms and conditions can be set favourably by the SSAS.
Pension Practitioner .Com has seen an increase in the number of professional advisors setting up SSAS for their SIPP clients. Funds transferred in are being used to make commercial loans to the business in the form of a pension scheme loan. Subject to the ensuring that the appropriate safeguards are in place, a SSAS loan to a business can prove to be an effective move when seeking cash flow assistance.
Looking to a small self administered scheme (SSAS) might be a shrewd move when seeking cash flow assistance in the form of a pension scheme loan as the interest you pay will be to your SSAS, which will help ultimately increase your retirement pension. A small self administered scheme is a pension scheme established by the operators of a business, who appoint themselves as members and trustees. They dictate investment policy and ultimately benefit from the proceeds. The SSAS can make loans to the business which can aid cash flow, provided that proper safeguards are met. By having a pension scheme loan to a business from a SSAS, the small business not only gets tax breaks on interest repayments but the pension scheme loan terms and conditions can be set favourably by the SSAS.
Pension Practitioner .Com do not promote any investment service providers or their products. The Pension experts offer a unique, simplified approach to SSAS pensions. SSAS Clients can find out more by visiting http://www.pensionpractitioner.com or by calling freephone 0800 634 4862.
Press Release submitted by:
Kronik Media
http://www.kronikmedia.co.uk
