SSAS Pension Expert Expects a Rise in Pension Scheme Loans to Business
Submitted by: Kronik Media
2008-12-26 00:21:14
Pension Practitioner .Com the UK's No 1 SSAS administrator offers a neat solution for a SSAS to make commercial loans back to the business.
(OPENPRESS) December 26, 2008 -- UK's No 1 SSAS expert Pension Practitioner .Com have announced that they expect to see a rise in the number of SIPP holders seeking pension scheme loans through a SSAS.
Pension Practitioner .Com has seen an increase in the number of professional advisors setting up SSAS for their SIPP clients. Funds transferred in are being used to make commercial loans to the business in the form of a pension scheme loan. Subject to the ensuring that the appropriate safeguards are in place, a SSAS loan to a business can be a shrewd move.
Looking to a small self administered scheme (SSAS) might be a shrewd move when seeking cash flow assistance in the form of a pension scheme loan as the interest you pay will be to your SSAS, which will help ultimately increase your retirement pension. A small self administered scheme is a pension scheme established by the operators of a business, who appoint themselves as members and trustees. They dictate investment policy and ultimately benefit from the proceeds. The SSAS can make loans to the business which can aid cash flow, provided that proper safeguards are met. By having a pension scheme loan to a business from a SSAS, the small business not only gets tax breaks on interest repayments but the pension scheme loan terms and conditions can be set favourably by the SSAS.
Pension Practitioner.com are a team of pension experts specialising in structuring and administering small schemes for business and entrepreneurs (SSAS). No other Pension Expert offers such a clear, simple service at a low cost. Pension Practitioner.com carry out all the administration functions imposed on the Administrator. This includes scheme returns, reporting and corresponding with HMRC to ensure the scheme is kept tax efficient. Pension Practitioner.com do not promote any investment service providers or their products.
If you are interested in SSAS, you can find out more by visiting http://www.pensionpractitioner.com or by calling freephone 0800 634 4862.
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Kronik Media
http://www.kronikmedia.co.uk
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