SELF INVESTED PENSIONS

Company Directors and Partners have sometimes been a bit hesitant about making a proper investment into their own pension funds. "I might need to put money into the business later..," is the standard response.

The Small Self Administered Scheme for a limited company is a way that you and your fellow directors can have your cake and eat it. SSAS (Small Self Administered Scheme for companies) is specifically designed to give businessmen a way of sensibly providing for their own future, without starving their businesses of cash. A Self Invested Personal Pension (SIPP) has similar characteristics.

These schemes allow you to take complete control of your business pension scheme's investments instead of sitting on the sidelines and letting someone else do the job. This includes using your business pension fund to help you run and expand your business.

At Pace Financial Solutions Ltd. we have the ability to create a specific Self Invested pension arrangement to exactly match your needs.

INVESTMENT OPTIONS

	Control over your own pension fund assets.
	Wider than usual investment options which include the ability to purchase and maintain commercial property and land.
	Loans to the company for business purposes to purchase, among other things, plant and machinery (SSAS only).
	Ability to vary contributions from year to year to help in business tax planning. .
	Substantial death-in-service benefits which can escape the inheritance tax net.
	Pension payments can be made directly from the scheme up to age 75 rather than from a purchased annuity. This means that the purchase of an annuity can be deferred, giving you an opportunity to wait until annuity rates in general are more attractive.
	Contributions to SSAS or SIPP are free of liability to corporation tax, income tax or capital gains tax and therefore anything you pay into it will reduce the business tax bill.
	Buying shares in your own company (for SSAS only).

Commercial property investment is allowed with, if necessary, a mortgage taken out by the pension fund. A sale and leaseback deal can be done in connection with the company's own premises. This way, the company gets the property it wants and the directors' fund is boosted by the rent paid by the company into the pension fund, which rolls up tax-free of course.