Most people's personal reasons for choosing a SSAS consisted of:

A fund for the future

A SSAS allows you and those your business admits to the pension scheme a pension fund for the future.

Complete Control

A SSAS allows you the trustees, complete control over the pension scheme, from investing money to paying out the benefits on retirement.

Tax free growth

A SSAS is completely free from capital gains tax, this means that when you sell investments you will not be liable to tax on the gain.

Tax free investment returns

Investment income is tax free, this means the income from dividends (excluding the tax credit) is not subject to income tax.

Tax relief on money paid in

If you or another person pays money into the SSAS, those payment will qualify for tax relief. The amount of tax relief will depend on your income from employment.

Tax free lump sum

A quarter of accumulated fund is free of income tax, up to a personal lifetime allowance. This lump sum can be paid from age 55 and you do not need to retire to take the tax free lump sum

Tax efficient to your beneficiaries

If you die before taking the benefits, the accumulated fund will be paid tax free to your chosen beneficaries. There is a lifetime limit on the amount payable and the rule changes after on death age 77 or when you take the money, if earlier. Under such rules tax will be payable.

For more information please call us on freephone 0800 634 4862.

Please note that you should take financial advice to ensure that a SSAS is appropriate for your circumstances. We are unable to give pension or transfer advice however we can put you in touch with a qualified and helpful advisor.