Death benefit changes: more SSAS to hold commercial property
29 April 015
Recent research* by Xafinity shows that 78% of financial advisers think the changes to death benefits will increase the opportunity for using SSAS.
Two thirds (67%) of advisers also expect to see more SSAS holding commercial property in light of these recent legislative changes and the pension freedoms.
Andy Bowsher, director of Self Invested Pensions at Xafinity said, “Pension freedoms and, vitally, the relaxation of the taxation of death benefits, have positioned the already resurgent SSAS as the ultimate inter-generational family tax planning vehicle. Holding commercial property within a SSAS has now become more favourable as the property, within the SSAS wrapper, can be passed on to any nominated beneficiaries on death without needing to sell it by way of beneficiary’s flexi-access drawdown.”