We will assume you are ok with this, but you can opt-out if you wish.
A SSAS (Small Self Administered Scheme) is a type of employer pension scheme that allows you to save for retirement in a tax efficient and flexible way. If you take out a SSAS, you can choose to invest your money in wide range of investments, including commercial property.
A business will often set up a SSAS for directors and key employees.
Note: a SSAS can have no more than 11 members at any one time and all members must also be trustees.
Here are some of the main benefits of taking out a SSAS:
Tax relief on contributions
No income tax on investments
No capital gains tax on investments
Tax free lump sum at retirement
Income from when you’re 55 years old (lump sum or regular)
Wide range of possible investments, including:
Lending money to your employer at 1% above the Bank of England’s (minimum) base rate.
Commercial property or land, including your employer’s.
However, you can’t access your pension fund before age 55 and any income you take from the SSAS will also be taxed as income. You (or your financial adviser) also need to actively manage your investments to ensure you make the most of your money.
Quite simply because we are committed to providing you with the best customer service and support directly from our specialist administration team. You will be allocated one person in our administration team to deal with all aspects of your SSAS – a “single point of contact” for you and your financial adviser.
With our SSAS, you only pay for the services you use and we’re flexible on the services we offer.
We also have a wealth of SSAS knowledge and experience; after all, we’ve been administering SSAS for over three decades.
Our SSAS is also designed to last a lifetime, enabling you to both save for retirement, and then when the time is right, take an income via ‘drawdown’ from the very same arrangement. Easy!
To find out more about the Xafinity SSAS, see: