What is a Small Self-Administered Scheme (SSAS)?
A SSAS is a specialised type of employer sponsored pension scheme, usually set up for the directors or key people within a business and offers increased flexibility.
The scheme benefits from greater flexibility than some other pensions. As well as wide ranging investment options including the purchase of commercial property, there is the ability to make secured loans to the sponsoring employer of up to 50 per cent of the net asset value of the scheme, subject to certain conditions.
This additional flexibility can open up new opportunities for our clients' businesses which ordinarily may not have been achievable.
A SSAS can also borrow money subject to certain conditions and in doing so could help the business facilitate the purchase of a new or existing premises.
Given the additional complexities with running a SSAS, it is imperative that you have someone in your corner with the expertise to give you the professional advice that is required.
Here at Novus Wealth Management, we have many years of experience in working to deliver the benefits of a SSAS to our valued clients and helping their businesses grow. We also have a network of other trusted professionals who we will actively involve where necessary which gives our clients confidence that you're in capable hands.
Get in touch to find out how Small Self-Administered Schemes could work for you.
We offer proactive, bespoke financial advice which enhances client assets and provides both security and long-term solutions.