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of how SSAS
A SSAS allows your business to contribute pre-tax profits and
obtain tax relief on those payments. This will reduce the amount of
tax your business pays. We will help you and your accountant
determine the amount that will qualify.
Loans to the business
Payments made to the pension bank account can be invested back
into the business in the form of a secured loan, which the business
will repay on secured, commercial terms. The business will get tax
relief on those interest payments.
Shares in the business
A SSAS can also hold shares in the business, of up to 5% of its
assets. This means that the pension scheme will receive dividend
income and future disposal of shares can be tax free on the
Ring fence from creditors
A SSAS is created under a discretionary trust. This allows the
pension scheme's asset to be kept legally separate from those of
the Company and its creditors.
The Company can sell and transfer assets it owns to the SSAS,
provided that there is a sound commercial benefit to the scheme for
doing so and the asset would not be taxable on the scheme or the
Guarantee and debentures
In difficult times, the Company may be looking for short-term
funding whilst waiting for book debts to be settled by creditors. If it
is prudent and commercially rewarding for the SSAS to do so, the
scheme can act as a guarantor to the business or unconnected
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.
Whilst every effort has been made to ensure that articles are correct, Celtic Wealth Management and Financial Planning Limited can't take
any responsibility for its content and readers are advised to check their validity for themselves. Celtic Wealth Management and Financial
Planning Limited and its divisions are not liable for any financial product purchased or financial advice provided through a third party
Financial Advisor, Mortgage Advisor or Will Writer. Neither Celtic Wealth Management and Financial Planning Limited or any of its divisions
are regulated by the Financial Conduct Authority and as such do not offer advice.
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T: 01792 681 005
‘The Old Bank’,
30 St. Teilo Street,