In the realm of pensions and retirement planning, the Small Self-Administered Scheme (SSAS) stands as a potent yet lesser-known tool. To uncover its hidden gems and understand its potential benefits, we delve into an enlightening interview with Brian Harvey, an expert in the field.
Firstly, what exactly is a SSAS? In essence, it's a pension scheme tailored for limited company small businesses, allowing greater control and flexibility over investments compared to traditional pension arrangements. With a SSAS, business owners can take the reins of their retirement savings, making strategic investment decisions that align with their long-term financial goals.
One of the key advantages of a SSAS is its tax efficiency. Contributions made into the scheme are typically tax-deductible for the business, reducing its taxable profits. Furthermore, investments within the SSAS grow tax-free, maximizing potential returns over time. These tax benefits can significantly bolster both personal and business finances in the long run.
Moreover, the loan back provision within a SSAS adds another layer of versatility. This feature allows the scheme to lend funds to the sponsoring employer, providing a valuable source of financing for business endeavours. Whether it's funding expansion projects or addressing short-term cash flow needs, the loan back provision offers a lifeline for businesses looking to navigate financial challenges.
Another compelling application of a SSAS lies in property investment. With the ability to purchase commercial property, the scheme opens doors to diversified investment portfolios. From owning business premises to generating rental income, property investments through a SSAS can yield substantial returns while providing stability and security for the future.
In conclusion, the SSAS holds a treasure trove of benefits for savvy business owners and investors alike. From tax advantages to flexible investment strategies, its versatility knows no bounds. To unlock the full potential of a SSAS and chart a course towards financial prosperity, reach out to me or Brian at brian@retirement.capital for expert advice and a complimentary consultation.
#SSAS #PensionPlanning #TaxAdvantages #BusinessInvestments #PropertyInvestment #FinancialFreedom #RetirementPlanning
Stock Markets Could Drop 10% Bank Of England Warns
Another Chinese Property Company Defaults On Interest Payment To Bondholders
Facebook And WhatsApp Went Down Yesterday – How Do We Manage Without Social Media?
10,000 Visas For Drivers And Poultry Workers Will Not Solve Food And Fuel Shortages
Half Mortgage Borrowers Still In Debt After Retirement As Equity Release Takes Off
China Bans All Cryptocurrency Transactions Declaring Any Trading “Illegal”
Inflation Is Back As Prices See Biggest Rise Since Records Began In 1997
Will Chinese Property Giant Evergrande’s Debt Default Spark The Next Asian Financial Crisis?
Almost 5 million Granted UK Residence Under EU Settlement Scheme
Buy NowPay Later
Tax Landlords To Pay For Social Care Sir Kier Starmer Will Tell LGA
Mortgage price war drives UK property prices to record levels - up 7% on August 2020.
Migrant’s 11-Year-Old Child Genius Who Wants To Study Medicine At Oxford Will Amaze You
Can You Get Rich As An Employee?
Millions Have NO Savings And Worry About Money - What Can You Do About It?
Track Your Income And Expenditure
How To Build A Sustainable And Saleable Business, And ‘Exit Rich’ - Interview With Michelle Seiler Tucker Author Of ‘Exit Rich’
#BONUS - Staff Shortages In The UK
Lesson 5: REVIEW YOUR FINANCES REGULARLY
#BONUS - Economy Rebound
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Reaching your Goals
Insights@work
Drive With NAR
The Ken Coleman Show
The Cardone Zone