Pension Options

Small Self Administered Pensions

A SSAP gives company directors the opportunity to maximise their pension funds prior to retirement by giving them control over their investments. Unlike other pension schemes the directors can control and choose their investments.

If you are thinking about investing in property, you may wish to consider setting up a Small Self-Administered Pension Scheme (SSAP) as a very tax efficient means of doing so.

The range of investment options are extensive and include: property, structured deposits, direct investment in stocks and shares etc.

What are the tax benefits of SSAP?

This provides the Member Trustees with the following tax advantages:

Contributions made by the company qualify for Corporation Tax relief
Members’ personal contributions qualify for Income Tax relief
Investments grow free from Capital Gains Tax and Income Tax
Deposits grow free from DIRT Tax
A tax free cash lump sum can be taken at retirement
Any balance can be transferred into an Approved Retirement Fund
A tax free sum can be payable on death before retirement

Types of Investments

Here are some examples of which investments can and cannot be made by your SSAP. These are not exhaustive lists but give you an indication of the flexibility and range of your investment choice under a SSAP.

With some of the investments there are specific Revenue rules which must be adhered to.

Authorised Investments

Approved property
Land
Property syndicates
Shares in private companies (subject to limits)
Quoted equities on recognised worldwide
stock exchanges
Gilts, bonds and fixed interest stocks
Investment trusts
Unit trusts
Insurance company funds
Bank and building society deposits
Offshore managed funds
Futures and options
Copyrights
Loan notes

Prohibited Investments

Holidays homes with personal usage
Shares in your principal employer
Rare books and stamps
Works of art and antiques
Fine wines
Loans to Member Trustees or their families
Secured and unsecured loans to the principal
employer or connected person
Assets that could be used for member
Trustees’ personal gain, e.g. golf membership
Furniture and oriental rugs
Yachts and vintage cars
Jewellery and gem stones
Gold bullion
Connected party transactions

*We only advise on regulated products.

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Pension Options