Take Control with Pension Loan UK
Pension Loan UK sets up and administers Small Self Administered Pension Schemes (SSAS) for small businesses that often require a pension loan to aid its development.
Pension Loan UK are professional SSAS administrators aregulated by the Solicitors Regulation Authority to deliver a fast and efficient pension scheme set up services
and advice on allowable pension investments such as a pension loan.
Pension Loan UK
Pension Loan UK provide Loan funding administrative services to directors and key employees of companies and sole traders. Pension Loan UK set up SSAS from single to 12 member schemes usually for those fed up with the poor returns and administration services of their existing pension plans.email us
HMRC Rules on Pension Loan
- The loan must be at interest of at least 1.5%
- Lend up to 50% of the SSAS fund to your business
- The Pension Loan must be seecured first charge on any asset of equal value of the loan plus interest
- The Loan term must not exceed 5 years.
Generally a SSAS can lend up to 95% of the net vlaue of the fund to unconnected third parties. And although loans to members and those connected to them are prohibited, a SSAS unlike a SIPP may lend to the SSAS sponsoring employer, in effect your business. Contact Pension Loan UK now for advice on scheme loanbacks.email us
Members of occupational pension schemes generally have little say over the way in which the fund is managed. This explains the popularity of Small Self-Administered Schemes ('SSASs') which are usually company-based schemes set up specifically for the benefit of the company directors usually under the guidance of a Pension Loan UK. A SSAS gives their members a much higher degree of control and power of investment than is possible in a more conventional occupational pension scheme and consequently they fulfil a similar function in relation to occupational pension schemes as self-invested personal pensions do in relation to personal pension plans. Therefore by using a SSAS you as sole trustee can give your small business a loan with your new pension fund growing as your business makes the repayments back to your scheme !
- Bespoke Pension Loan service
- Annual Pension Loan Assistance
- Legal Documents drfted by SSAS Solicitors
Occupational pension scheme
An occupational pension schcme is one that is established usually with the aid of a Pension Loan to provide benefits for people with service in the employment (or self~employment) described in the scheme rules, although it may also provide benefits to members who are not in that kind of employment (or self-employment). Most pension schemes set up by employers for the benefit of their employees satisfy the definition of an occupational pension scheme in the Pension Schemes Act 1993, provided that the main administration of the schemes, be it by trustees assisted by a Pension Loan UK or SSAS administrator, is in the United Kingdom.email us
Setting up an Occupational Pension Scheme
We at Pension Loan UK also set up occupational pension schemes for the larger busineses and provide it with ongoing Pension Loan UK services or acting as SSAS administrator. Contact us for a fixed fee quote on establishing a pension scheme for your employeees.
Fenwick Pension Loan UK
34 Lipson Road Plymouth PL4 8PW
Phone: 01752 250821
Fax: 0844 8073015