Question: I have clients with an Axa Sunlife 10 SSAS which was set up some time ago as the company were hoping to buy a property; the purchase didn't go ahead.
They have purchased land and other capital items with cash and have not used the SSAS. The company, a small recycling company is being purchased by a FTSE 100 company for approx £11m. There are 4 directors - 3 in mid 40's with 30% holdings salaries approx £60K plus dividends and 1 - 61yrs with 10% share, salary approx £25K....
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