A SSAS – or small self administered scheme – works in a similar way to other pensions, but SSAS pensions have the agility to suit owner-managers who want their pension to work for them and their business. And a SSAS is no new kid on the block; they are tried and trusted, having been around since the Seventies.
How do SSAS pensions work?
Your company (or companies), along with our trustee company (White Horse Trustees) set up a registered pension scheme known as a Small Self Administered Scheme (SSAS) and become joint administrators. You can then invite up to 11 key members of your staff and, in certain circumstances, family members to join. All members of the self administered scheme will also be trustees.
As with all pension schemes, the Hartsfield SSAS will provide you with the option of a tax-free lump sum and then an income in retirement.
But what makes SSAS pensions different is the other benefits they can bring you – tax planning, flexibility over where assets are invested and the option of a loan into your business. You could even use the SSAS funds to invest in the premises from which you trade, then your company pays a commercial rent which is going back into your pension rather than to a third-party landlord.
If you are interested in the Hartsfield SSAS and would like to hear how it could benefit you and your company, please get in touch with the Hartsfield Trustee Services team.
HARTSFIELD SSAS BROCHURE
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