Borrowing cash from you SSAS Key Benefits What is a SSAS?
Click to see an example of how SSAS works
Tax relief 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 pension scheme. 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. Asset transfers 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 members.
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 third party.
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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Update: 16 01 2017
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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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