Richard Mattison: Shoring up balance sheets via SSAS

SSAS business loans explained

clock • 2 min read
"Whilst a SSAS loan must be prudent and not used to keep an ailing business afloat, credit checks are simpler to arrange and can be supported by the company's accountant." - Richard Mattison
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"Whilst a SSAS loan must be prudent and not used to keep an ailing business afloat, credit checks are simpler to arrange and can be supported by the company's accountant." - Richard Mattison

Why pay more than 10% interest per annum on a small business loan when you can borrow from your own pension scheme at 1.75% fixed for five years? That is the question posed by Richard Mattison

As Rishi Sunak tells us to prepare for Bank of England base rates to hit 2.5% in the next year, business owners would do well to explore the options available to shore up their company's balance sh...

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