credit crunch
SSAS loans - Five conditions for the principal and associated companies
The rules state;
The maximum loan is 50% of net assets of the scheme at the time of the loan.
The loan is for a maximum period of five years.
The interest rate has to be a minimum of 1% over the average of six high-street bank base rates.
The capital and interest is repayable equally over the period [...]
Borrowing from your SSAS Pension fund to aid your company
In the third of my conversations with Pension Practitioner .com, who are the U. K’s leading SSAS provider. I put to them that in the current economic climate many companies may not have surplus fund to put away into pension funds for the future whilst the present is so uncertain.
This notion is out-dated. [...]
The best SSAS for your business
SSAS pensions are the best and newest solution for informed persons. Business owners and directors all over the UK are using them with advice from their financial advisors. Smart bespoken schemes to leverage their enterprises through the credit crunch into the ‘black’.
As with all new things, there are now a deluge of providers [...]
The best way businesses can use their SSAS to beat the credit crunch
According to the UK’s No.1 SSAS administrator, Pension Practitioner .Com “businesses can use small self-administered schemes to loan back money to their company, providing much needed funding”.
Regardless of the press pundits optimistic headlines declaring the worst is over, many small and medium sized businesses when asked the question. “Can you obtain funding or roll-over [...]
The Credit Crunch - An alternative source of finance for business
Summary
Had HBOS Group been a small business and the directors operated a Small Self Administered Scheme, it is highly likely that they would have looked to the pension scheme for investment to get themselves out of the big hole they found themselves in last week. It is highly unlikely that an investment to the business [...]
