Ten reasons to use a SSAS

1. Loanbacks Unlike a SIPP a SSAS is the only pension that can lend money to a connected business. This is important for three reasons. Firstly it can provide a good return for the pension scheme above and beyond any cash deposit account e.g. say a 7% interest rate. Secondly it can provide a very low cost source of borrowing for the business with a fixed minimum interest rate for five years of currently only 1.5%. Finally if the funds that are borrowed by the business are used wholly and exclusively for business purposes e.g. new computers then a second lot of tax relief can be granted (...