8
Small self-administered schemes (SSASs)
What topics are covered in this chapter?
- How an SSAS works
- Investing in the sponsoring company
- Lending your pension to your company
- Commercial property
- Drawing income from an SSAS
- Estate planning: scheme pension
An SSAS, which stands for small self-administered scheme, is a type of occupational pension scheme that has unique features offering small businesses attractive and efficient ways to grow wealth and own property.
SSAS plans allow directors to use their existing pension assets to make loans to their business and buy shares in it. They also offer a convenient way of holding commercial property that allows joining and departing partners to transfer ownership of their share of the property ...
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