I attended Barnett Waddingham’s SSAS Update workshop on 7th March. As always their technical content was accurate and up to date.
The main “take-away” for me was a reminder that business bank borrowing remains both difficult and expensive and that a director’s pension plan (SSAS) may well be able to support the business by:
- Leasebacks – purchasing property from the company and leasing it back
- Loanbacks – lending some of the pension fund back to the company on commercial terms
- Income replacement strategies for directors over the age of 55
One word of warning! You need to get this right if you are to avoid severe tax penalties. If you are at all unsure about the competancy of your adviser email me and I will give you some cracking questions to ask yourself; the answers to which will tell you if you need a better adviser.
IMPORTANT INFORMATION
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122
