Pension Practitioner
The SSAS Experts
03
JUN
2013

SSAS – More on asset backed contributions

Asset backed contributions via a SSAS offers some really good benefits:

Hidden value can be realised in the asset. Many assets will currently sit on corporate balance sheets at a depreciated or nil value, depending on the asset. The structure allows the true market value of the asset to be used to generate real cash savings.

  • The partnership interest is a real asset and the asset can include tangibles that would otherwise not normally be permitted to be held directly by a SSAS.
  • Unlike UK partnerships, Scottish Partnerships are a recognised legal entity.
  • There need be no negative impact on the balance sheet or income statement in the consolidated accounts.
  • The structure is inherently flexible. It can be tailored to meet particular pension payment profiles and the payments can be stopped if deficits reduce and can be topped up with other assets if deficits increase.
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