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

State pension age review: Govt launches call for evidence

State pension age review: Govt launches call for evidence

UK faces long-term demographic pressures

Jenna Brown
clock 18 August 2025 • 2 min read
FCA to crack down on life insurers with 'slower' pension transfer service times

FCA to crack down on life insurers with 'slower' pension transfer service times

Regulator warns slow pension transfers risk harming client outcomes

Isabel Baxter
clock 15 August 2025 • 5 min read
Tony Müdd: The QROPS market is dead, isn't it?

Tony Müdd: The QROPS market is dead, isn't it?

'The tax a member pays on their QROPS income hinges on a dizzying array of factors'

Tony Müdd
clock 11 August 2025 • 11 min read