What a SSAS can do for you

Use Your Pension has been setup with one goal in mind to enable people the tools they need to get the most from their pension. By having a SSAS pension it allows you the following:

  • Borrow from Your Pension
  • Full Control of Your Pension
  • Lower Fees
  • Better Service

Borrow From Your Pension

The member trustees may use their SSAS's funds to inject cash into their business. This is done by making a secured loan to the employer known as a loanback.

Loans can be used to buy fixed assets, land for development or to increase stock and have to be repaid by regular capital and interest installments. Loans are restricted to a maximum of 50% of the net SSAS fund.

The maximum term permitted is five years, with the interest being at least 1% above the average base-lending rate of the six leading high street banks. Such loans must be secured against assets by way of a charge and the security must be sufficient to cover the loan and interest on it
loan
 

Why Use Your Pension?

  • Borrow from Your Pension
  • Full Control of Your Pension
  • Lower Fees
  • Better Service

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