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NewswireToday - /newswire/ -
London, United Kingdom, 12/05/2008 - Pension Practitioner the UK’s No 1 SSAS expert expects a rise in the number of SIPP holders seeking pension scheme loans through a SSAS.
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Looking to a small self administered scheme (SSAS) might be a shrewd move when seeking cash flow assistance. 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. That investment policy includes loans to the business. By having a pension scheme loan to a business from a SSAS, the pension scheme loan terms and conditions can be set favourably by the SSAS.
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 can make loans to the business. 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 scheme regulations in UK have changed from 6 April 2006 and new regulations on benefits apply to registered pension schemes, including SSAS. The website provides up to date information on SSAS regulations in addition to offering complete set-up and administration service for schemes. In addition to offering tax benefits, SSAS offers control over capital invested in the scheme. Income withdrawal is available either through the purchase of a series of short term annuities or as income withdrawal direct from the scheme, or a combination of the two.
PensionPractitioner.com are a team of pension experts who specialise in structuring and administering small schemes for business and entrepreneurs (SSAS).
PensionPractitioner.com do not promote any investment service providers or their products. PensionPractitioner offer a unique, simplified approach to SSAS pensions.
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