Funding solutions for SMEs
SSAS Pension Loan
A “Pension Loan” for your business could be a fresh slant on how you link the pensions you’ve accumulated throughout your working life with the growth of your business.
There’s a fair chance you may not have looked at your pension for a while and are not fully engaged with pension planning. This can represent a missed opportunity for business owners who don’t realise that their pension can become one of their best business assets.
As the owner of a business, you will recognise that having access to solid cash-flow and affordable lines of credit is key to the success of the business. Did you know that you can use your pension funds to assist in the growth and funding of your business, avoid paying interest to 3rd party lenders such as banks or invoice-finance companies, and receive a commercial rate of interest into your pension (which is also tax deductible for the business)?
The mechanism to achieve this is to establish a Small Self-Administered Scheme Pension (SSAS).
What is a SSAS?
Having been overshadowed for many years by the surge in popularity of SIPPs (Self Invested Personal Pensions), a SSAS is a small collective pension scheme which has the extremely useful feature of being able to provide a commercial loan-back to your business, subject to certain rules being met.
Funding your business doesn’t need to be expensive and difficult – the solution may be right in front of you.
There are specific rules relating to a SSAS and it is vital you seek financial advice from a regulated individual with the necessary expertise and experience in advising business owners in relation to the establishment and running of a SSAS.
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SME funding UK Ltd is authorised and regulated by the Financial Conduct Authority (772970) and we are a Member of the National Association of Finance Brokers (M/0122/16) and also a member of FIBA (FIB11135)
We are also registered with the Information Commissioner’s Office (ZA209808)
Please note SME funding UK Ltd are brokers and not a direct lender.