SSAS offers an alternative source of finance for business during the credit crunch
United Kingdom(prwindow)-
January 23 2009 -During the credit crunch, small self administered pension scheme (SSAS), offers businesses with an alternative source of finance.
Small self administered pension scheme (SSAS), offers businesses with an alternative source of finance during the credit crunch. Pension Practitioner .Com has seen an increase in the number of professional advisors recommending SSAS.
Had the directors of HBOS operated a Small Self Administered Scheme and were a small business, it is highly likely that they would have looked to the pension scheme for investment to get themselves out of the very big hole they found themselves in. It is highly unlikely however that an investment to the business would be appropriate or indeed be ultimately helpful to them. However, if you are not a HBOS case, then looking to a small self administered scheme (SSAS) might not only be a shrewd move when seeking cash flow but also will benefit you when you finally get round to generating as much income as possible for retirement.
“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 they ultimately benefit from the proceeds. That investment policy can range from investing money in gold shares to loans to the business. By having a loan to a business from a SSAS, the small business not only gets tax breaks on repayments but the interest terms and conditions can be set favourably for the pension scheme.”
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. Businesses can find out more by visiting http://www.pensionpractitioner.com or by calling freephone 0800 634 4862.
Pension Practitioner.com are a team of pension experts in UK specialising in structuring and administering small schemes for business and entrepreneurs (SSAS).
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