Employers who run occupational small self-administered pension schemes (SSAS) have been warned about the tax implications of using encumbered assets as collateral when they take loans from their schemes.
The issue has been pushed into the limelight recently as some SMEs have been forced to borrow from their pensions because of difficulties raising business loans from banks. Founder employers are able...
Reasons to be cheerful
Total investment reaches £9m
Medium to long-term capital growth