Why defined benefit SSAS now even more attractive to SMEs

Budget changes will increase use of DB SSAS by company directors

clock • 3 min read

Alan Godbeer looks back on the Budget changes and says the pension allowance overhaul makes SSAS written under DB rules more attractive…

The chancellor's announcement to increase to £60,000 per annum the pensions annual allowance (AA) and to abolish the lifetime allowance (LTA) will of course have a positive impact on everyone wishing to maximise their pension provision. With there being no limit now on the size of an individual's pension wealth in retirement, anything that allows for greater and quicker accumulation of value within schemes must be applauded and a specialist small self-administered scheme (SSAS) written under defined benefit (DB) rules could prove invaluable in this regard. The way in which the AA is t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

'While this policy alters the landscape, it arguably represents an adjustment rather than a fundamental reform'

Steve Charlton
clock 22 December 2025 • 3 min read
Utmost to sell life and pensions business to JAB Insurance

Utmost to sell life and pensions business to JAB Insurance

To focus on wealth solutions business

Jen Frost
clock 22 December 2025 • 2 min read
Editor's view: How disjointed is the government's salary sacrifice change?

Editor's view: How disjointed is the government's salary sacrifice change?

The editor's Friday Night Takeaway from 19 December

Jen Frost
clock 19 December 2025 • 3 min read