A SSAS pension is the flexible business tool that saves you tax, funds your business, and allows you to control investments
Technically known as a Small Self-Administered Scheme, a SSAS pension is the most flexible business and property pension exclusively for company directors in the UK. With this type of pension, you have access to every type of investment that is allowed under rules set out by HMRC legislation.
You can make any permitted investment at any age, meaning you do not need to be 55 to take control of the money in your pension, and you can use your property SSAS to invest in property or for business or investment purposes. If you’re the company director of an SME, an SSAS pension is the only type of pension you need.
SSAS Pension in 60 seconds
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- What a SSAS pension is
- Eligibility criteria for a SSAS
- What a SSAS pension can invest in
- How a SSAS can fund your business
- How much a SSAS costs
Designed for business owners who want a pension that supports their business
A SSAS pension gives you full control over the investment policy, underlying assets and funds within the pension scheme. By allowing for the free movement of funds between the company and the pension, an SSAS pension gives you the opportunity to withdraw tax-free funds for high-yielding business and property investments, and allows you to withdraw funds from your business and company contributions that benefit from tax relief and are in excess of personal limits.
This means that if your company needs funds, you don’t have to go to a bank — the Director can transfer of historic contributions from the company SSAS pension to the company bank account, and vice versa. SSAS pensions are also flexible and can accommodate for your career progression by allowing you to transfer any old pensions from former employment into a new SSAS pension to help support your business of today.
What our customers say...
Genuine professional people delivering top notch quality customer service accompanied with the all important experience and in-depth knowledge of this business field.Many thanks in particular to Gareth and Teresa for their unswerving support advice and guidance over these past few years since I took up the challenge of looking after... Read moreNick Clement
From the very beginning of the journey to re gain control of my pension and earn higher interest, the landlords pension were and still are extremely professional, they made the whole process very easy and explained the whole process. BRILLIANT 5 star service and 2 years on and all is good.Ben Garner
You get nothing but the best advice to use your pension in the correct manner. Setting up a SASS is not as daunting as one would think, it is the best thing I ever did. Being introduced to the Dolphin scheme to make my pension work hard was a no... Read moreSelwyn Browne
Massive thanks to Laura and Teresa in helping set up the SASS. Great communications throughout and always on hand to answer queries.We are just about to embark on the investment side of things now the pensions have been transferred into the SASS and the range of investment opportunities give me... Read moreDamian Spencer
I've had a small pension pot with Landlord Pension for the last couple of years. There were two major reasons why I made my choice. Firstly fees. Secondly, I wanted to be hands off (as much as one can be) - working professionally within compliance and anti-fraud - segregation of... Read moreSylvia Snowling
A Small Self-Administered Scheme pension is a business tool designed to benefit your business
Not only does a property SSAS pension offer many benefits for your business today, but it also has many long-term benefits that will help you to create a bigger retirement fund, generated from the success of your business. It’s low cost, you’re in control and you get all the tax breaks associated with any other pension scheme while being able to invest in the full range of permitted investments allowed under UK legislation. Not only that, but property SSAS also allows you to fund your company when you need some extra cash.
SSAS pensions have the same attractive investment and tax benefits of a SIPP or a personal pension, but they offer far more financial planning and investment options. For example, with an SSAS pension, a company director can use up to 50% of the money in the pension as an investment in their own business, or buy shares in a business not listed on a stock exchange (including their own). Many business owners who have an SSAS pension take advantage of the ability to transfer their business premises into the pension scheme, so that company rental payments can be paid into the pension fund.
How can The Landlord’s Pension help with SSAS Pensions?
The Landlord’s Pension is made up of authorised SSAS business pension experts who have been helping clients to invest in both business and residential property since 2004. SSAS pension scheme providers vary in their flexibility, which often means that business owners need to work with an SSAS pension broker that knows the market place. The Landlord’s Pension is different – we’re not just a SSAS provider – we are also brokers with years of experience working with SSAS pensions.
Our clients are SME business owners and majority shareholders, and we understand that, for them, their business is the priority. Our mission is to help our clients understand how an SSAS pension can support their business, as well as show them how they can reap the full benefits.
Is a Property SSAS Pension expensive?
Annual fees for an SSAS pension can be as little as £500 and best of all, these fees benefit from corporation tax relief.
Property SSAS Pension FAQ
A Property SSAS is the most flexible type of pension available in the UK. With this type of pension, you have access to every type of investment that is allowed under rules set out by legislation. You can make any permitted investment at any age, essentially you do not need to be 55 to take control of the money in your pension. Choose a Property SSAS to invest in property or to use for business or investment purposes.
A Property SSAS is administered by people who know and understand property investments. A Property SSAS allows you to make all the same investments as a normal SSAS but when it comes to making an investment in property you want property people to be there to answer your questions immediately and to deal with the process of acquiring or disposing of property promptly.
You can invest in property, it’s low cost, you’re in control, you get all the tax breaks associated with any other pension and you get to invest in the full range of permitted investments allowed under UK legislation. A Property SSAS is a great business pension too because it can fund your company when you need cash to start or finish projects.
Essentially you can pool all of your former pensions into a Property SSAS business pension and then draw on them to fund your business to a maximum of 50% of their combined value.
We are dedicated SSAS pension brokers, this is our area of expertise. We will listen to what you are trying to achieve and if your goal is possible, then we will find a SSAS pension company that can help you. We are thorough and can normally tell you on the phone if we can help you within a few minutes.
We just need to know what you currently have in terms of your pensions, your age and what your intentions are. Speak to our consultants about your pension options.
The main additional benefit of a Property SSAS is that you can transfer 50% of the value of any pension you have contributed to into your company for use in your business. This is the cheapest way to access money for your company. Why go to the bank with all the red tape and hoops they make you jump through when you can simply draw on your old pension schemes instead. The money can then be used for property investment or property development, cash-flow or stock acquisition specific to your business.
This is a great way of accessing tax-free money in your pension for use in your business. There are special rules imposed by HMRC if you are planning to transfer 50% of your pension which we are familiar with. We will help to ensure you meet the obligations you must undertake.
It is possible to pool your pensions with other Directors or family members to give you a bigger fund to make investments. This often happens when a large property acquisition is made and greater funds are required. We tend to find this happens when a board of Directors combine pension funds to acquire a freehold property to run their business from.
Another frequent scenario we experience is where a husband and wife, who are involved in a small business, combine their pensions to give a larger pot. However the sums invested remain with the party that invested them, so for example if one party invested 75% of funds and the other only 25% then this is how the split of the pension remains, it doesn’t suddenly become 50/50.
Yes, many people do this. You simply contact your existing pension provider and get them to transfer the old pensions into your new Property SSAS. This is very straight forward and often accounts for how people start a new Property SSAS. Your old pension provider will send some paperwork in the post which you need to sign and return to them.
You should consider if there are any benefits you are giving up by transferring your old pension because when you move the pension these will be lost. You can ask your pension provider to give you this information in writing or over the phone.
No, the only requirement is that you are the director of a company in the UK. As a Company Director you will be familiar with making executive decisions which is what you will be doing with your pension. Most SSAS pensions are used for property investment which is also our area of expertise, so we can help if needed.
There are no drawbacks. A Property SSAS gets all the same benefits as any other UK pension scheme such as tax breaks, lifetime limits, drawdown age and 25% tax free cash at age 55 along with the new flexi-drawdown rules. A Property SSAS is the ultimate property and business pension.
Most people take little interest in their pensions but when they realise all of the benefits of a Property SSAS and how the money locked in a pension can be used in a small company, the SSAS pension suddenly becomes a very attractive tool to have as a part of your business plans.
A Property SSAS can only be set up by a company director, however the company can be of any size in terms of its turnover, profits and staff numbers. Under certain circumstances, it may not even need to be a trading company. The Landlord’s Pension has consultants that can help to set up the right Property SSAS for you. Please contact us by calling 020 3907 8400 or emailing firstname.lastname@example.org
You can take our quick 60 second eligibility test to find out, or you can get in touch on 020 3907 8400 or emailing email@example.com
The Landlord’s Pension offer a free, no obligation SSAS consultation to help you discover whether you are elegible for a SSAS pension, and to discuss how you could use the SSAS to grow your business. Simply get in touch on 020 3907 8400 or emailing firstname.lastname@example.org
The SAS establishment process enables us to understand your current circumstances, and helps us work with you on your investment strategy for your fund, as well as establishing efficient trustees. There is a flat fee of £2500 + VAT which is paid by your pension.
Independent SSAS Trustees also administer the pension scheme, and ensure that it complies with HMRC regulations. The cost varies dependent on your circumstances, but starts from £500 + VAT per annum. Our aim is to always place you with the most cost effective Trustees, and once we understand your circumstances and plans, we can provide you with an accurate fixed cost before you decide whether or not to continue.
Free, simple, SSAS advice. No obligation. No sales pitch.
Are you interested in investing your pension in business or property? Do you have questions about how you can do this? If so book your FREE, 15 minute, no obligation SSAS pension consultation.
One of our experienced SSAS Advisors will call you at a time that is convenient for you to walk you through how pensions can be used to invest in property or business at any age.