When the bank says no: Could SSAS funds be used instead?

SSAS are the forgotten option for pension planning

clock • 4 min read

For advisers, a SSAS can be an ideal planning tool for their clients, writes Martin Tilley. Here he runs through a planning puzzle with a positive outcome...

Small self-administered schemes (SSAS) are the forgotten option for pension planning, often losing out to the more well-known but less flexible self-invested pension scheme (SIPP). With bank lending criteria for small businesses continuing to be stringent, a SSAS can often offer alternative sources of finance for those firms needing a cash injection to grow to their full potential. To demonstrate the features of a SSAS, let us look at the example of Maddison's Widgets & Gizmos, a manufacturing business, that following advice from its financial adviser, created a SSAS to consolidate th...

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

Guaranteed income integration critical to guided retirement success

Guaranteed income integration critical to guided retirement success

Research finds annuitisation rates of 55% to 60% are possible without compulsion

Jonathan Stapleton
clock 16 September 2026 • 5 min read
DWP seeks small pension pot default consolidator solution

DWP seeks small pension pot default consolidator solution

Government aims to have small pot consolidation operational from 2030

Jonathan Stapleton
clock 15 September 2026 • 2 min read
Adviser chases Hartley Pensions for ten months over clients' SSAS transfer

Adviser chases Hartley Pensions for ten months over clients' SSAS transfer

Takes case to The Pensions Ombudsman

clock 10 September 2026 • 2 min read