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of how SSAS
The value of your SSAS £100,000
Maximum Loan Back 50% £50,000
A loan is taken from your SSAS of £50,000 to improve your
business. The repayable interest on the loan is 1% over base,
this is paid back over a maximum of 5 years.
Interest on a SSAS loan in the first year would be £750.00
(based on 0.5% over the Bank of England base rate) Interest
on a typical High Street bank at 6.5% would be £3250.00.
Don’t forget the £3250.00 on a bank loan, would go back to
the bank. The interest on your SSAS loan goes into your
pension fund. Also note this is the first year only, not
calculated over 5 years.
Any funds in your SSAS not used for the benefit of your
business can be invested in order to make more interest on
Potential Benefits of a SSAS
Borrow money from your pension fund
for your business at just 1% over base.
Reduce your Corporation tax, but at the
same time increase your pension fund!
Reduce inheritance tax.
Sell shares in your business to the
SSAS (up to 5%) and release tax free
cash for your own use. This will mean
the Pension scheme will receive
dividend income and future disposal of
the shares can be ‘Tax Free’ on the
Given the difficulty of borrowing money in today’s financial
climate, alongside the fact that many pensions are under
performing, a cash injection into your business from your
pension could be the right decision.
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Celtic Wealth Management is the trading name of Celtic Wealth Management & Financial Planning Ltd.
Celtic Wealth Management and Financial Planning Limited have put together a group of specialists who we work closely with and are
leaders in their field in order to offer our clients the best products on the market. All regulated advice in relation to Pensions and Investments
is given by Darren Reynolds, Chartered Financial Planner or his qualified advisors of Active Wealth (UK) Ltd, which is regulated by the
Financial Conduct Authority.
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any responsibility for its content and readers are advised to check their validity for themselves. Celtic Wealth Management and Financial
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are regulated by the Financial Conduct Authority and as such do not offer advice.
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