Case Study - Using a SSAS to purchase assets from the member or company.

Effectively 100% of the SSAS can be withdrawn in cash.

Ron has a Executive Pension Plan (EPP) with a well known Life House. The plan is worth approximately £100,000 but has markedly underperformed the market. After taking advice from his IFA, Ron establishes a SSAS with SSAS Practitioner.com. The EPP is transferred into the newly-established SSAS and so becomes an asset of the SSAS. The EPP is sold on the IFA's advice and the proceeds remain in the SSAS.

Ron has shares in his own name worth approximately £100,000 and decides to transfer these shares into his SSAS. He supplies SSAS Practitioner.com with an up-to-date valuation of the shares and SSAS Practitioner.com arranges for the shares to be transferred in the SSAS in exchange for £100,000 in cash. Ron didn’t want to sell the shares as he saw good investment potential in them; the shares are now assets of Ron's SSAS and he has £100,000 in cash.

This example also applies to the sale of any permissable investment to the SSAS from a member or company.

SSAS Case Study - Making a loanback from a SSAS

A SSAS can loan 50% of its value to a connected party, or 100% of its value to an unconnected party. If your company requires finance, lending your pension monies via a SSAS is extremely tax efficient. Your SSAS Pension pockets the interest not your bank. Why benefit the bank when you can benefit your retirement?

Linda and Sue own a chain of hairdressers and are joint members of a SSAS with a value of £100,000 of which £50,000 is in cash. They decide to establish a new branch of their hairdressing business and require £50,000 to do so. Their bank is averse to lending them the money in the current financial climate, in spite of the fact that Linda and Sue know that borrowing £50,000 is fully sustainable by the business, and would also charge a high rate of interest.

A loan agreement is therefore drawn up for the SSAS to lend £50,000 to the business. A charge is placed on another company property so that the scheme can regain its funds in the event of default.

The business repays the loan with intererest over the maximum-allowed period of five years, ultimately benefiting Linda and Sue much more than borrowing from the bank. Furthermore, as the loan is from the SSAS, and thus ultimately built up from untaxed income, the overall transaction is extremely tax efficient.

The UK’s first truly low-cost, fully-inclusive SSAS provider is launched

SSAS Practitioner.com is a newly established company specializing in the design and management of Small Self Administered Scheme (SSAS) pensions for the benefit of members and their companies. SSAS Practitioner.com offers a wealth of experience in the pensions industry, particularly in SSAS provision.

SSAS Practitioner.com believe traditional SSAS providers charge excessive fees on a ‘time cost’ or ‘fee menu’ basis, thus substantially eroding the long-term value of pension funds. They consider that SSAS clients deserve a better deal, and the fee structure needs to be changed. SSAS Practitioner.com intends to shake up the SSAS market.

SSAS Practitioner.com charges £800 + VAT pa, fully inclusive (up to four members), for the management of a SSAS, with no set-up or take-over fees or other hidden charges.

SSAS Practitioner thus offers substantial cost savings to SSAS holders, whilst continuing to provide high-quality management and innovative pension planning in a hands-on style. This is achieved by specializing in SSASs, having low overheads and using a very professional and efficient administrative platform. All aspects of managing a SSAS are included in the annual fee, including specialist and personalised tax-efficient pension planning and payment of Pensions Regulator and Data Protection fees.

Retaining the scheme’s tax-exempt status is of paramount importance to SSAS Practitioner.com and central to their service.

Unlike many traditional SSAS providers, SSAS Practitioner.com does not recommend particular investments or take commission from investments; they are therefore completely impartial when offering SSAS pension planning. Furthermore, they are not co-signatories to SSAS investments, thus ensuring more rapid and efficient management of your SSAS, and giving you greater control.

For further information about SSAS Practioner.com, SSASs and SSAS-related financial information, including their calculator showing how your retirement pension fund is being eroded by excessive SSAS fees charged by traditional SSAS providers, log on to their website:

www.ssaspractitioner.com

For a no-obligation discussion about how a SSAS could benefit you, or how SSAS Practitioner.com can enhance your retirement by reducing SSAS fees whilst providing a high-quality service, comparable to the industry’s best, call them free on 0800 112 3750.