Small Self Administered Scheme (SSAS) is a type of UK Pension Occupational Scheme.
Pension Schemes are trust-based and established, usually by directors
of limited companies for specified employees of the company. Since
Pension Simplification, SSAS has been available for establishment by
those who are not in a limited company.
SSAS is an acronym for small self administered scheme; they are a type of company Early Pension Release. The SSAS is aimed at company directors or small family run businesses that require the maximum control over where their pension contributions are invested. The pension is set up under trust - you must appoint a trustee to be positive you keep to the rules of the process there's various specialized companies who will provide a set up and trustee service.
SSAS Pensions ought to be thought about for single or a small number of directors who wish to pool their existing pension money & use them without the normal investment restrictions applied when investing through a pension with an pension provider. The loan element can work in the favour of the company as it could for example purchase the company premises or use the loan to fund either elements of the business.
Taking your benefits
SSAS is as flexible as any pension vehicle available in the market. There can be partial or full crystallization of a member’s fund with a tax-free lump sum payable and pensions can be paid under unsecured pension (USP) before age 75, alternatively secured pension (ASP) after age 75, or indeed by scheme pension – this option is not available under a SIPP.
Small Self-administered Schemes (SSAS) are similar to self-invested personal pension (SIPP), in that you have greater involvement in the running of your pension and you can invest in a broad range of investments, but they offer further benefits in that it may be possible to receive interest payments on your investments.
Dream Retirement
Due to the investment opportunities available within a SSAS such as loans, equities, gilts, shares, managed funds and structured products, you can increase the number of ways to gain compound interest on your savings, resulting in a bigger fund for the retirement you’ve worked so hard for.
Fund Business Growth
By providing more investment opportunities and accessible funds for your SME business, you have more support in helping it grow; setting up a SSAS Pension even has the potential to prevent a company from collapse by providing working capital.
Pensionfundsreleased is the UK regulator of work-based Pension release schemes, working to improve confidence in work-based pensions by protecting members' benefits and encouraging high standards and good practice in running pension schemes. Pensionfundsreleased.co.uk is a introducer to various companies who offer products here in the U.K.
Visit us at: http://www.pensionfundsreleased.co.uk/contact.php Contact us on 07582530780.
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SSAS is an acronym for small self administered scheme; they are a type of company Early Pension Release. The SSAS is aimed at company directors or small family run businesses that require the maximum control over where their pension contributions are invested. The pension is set up under trust - you must appoint a trustee to be positive you keep to the rules of the process there's various specialized companies who will provide a set up and trustee service.
SSAS Pensions ought to be thought about for single or a small number of directors who wish to pool their existing pension money & use them without the normal investment restrictions applied when investing through a pension with an pension provider. The loan element can work in the favour of the company as it could for example purchase the company premises or use the loan to fund either elements of the business.
Taking your benefits
SSAS is as flexible as any pension vehicle available in the market. There can be partial or full crystallization of a member’s fund with a tax-free lump sum payable and pensions can be paid under unsecured pension (USP) before age 75, alternatively secured pension (ASP) after age 75, or indeed by scheme pension – this option is not available under a SIPP.
Small Self-administered Schemes (SSAS) are similar to self-invested personal pension (SIPP), in that you have greater involvement in the running of your pension and you can invest in a broad range of investments, but they offer further benefits in that it may be possible to receive interest payments on your investments.
Dream Retirement
Due to the investment opportunities available within a SSAS such as loans, equities, gilts, shares, managed funds and structured products, you can increase the number of ways to gain compound interest on your savings, resulting in a bigger fund for the retirement you’ve worked so hard for.
Fund Business Growth
By providing more investment opportunities and accessible funds for your SME business, you have more support in helping it grow; setting up a SSAS Pension even has the potential to prevent a company from collapse by providing working capital.
Pensionfundsreleased is the UK regulator of work-based Pension release schemes, working to improve confidence in work-based pensions by protecting members' benefits and encouraging high standards and good practice in running pension schemes. Pensionfundsreleased.co.uk is a introducer to various companies who offer products here in the U.K.
Visit us at: http://www.pensionfundsreleased.co.uk/contact.php Contact us on 07582530780.
Follow On: Twitter
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