New Beginnings — Buying a Business Premises Through a SSAS

Trish wanted to open a florist and found the perfect shop for £120,000. By consolidating her pensions into a SSAS, she was able to buy the commercial property, take tax-free cash for working capital and rent the premises to her new company.

Buying a Business Premises Through a SSAS

Trish had reached a turning point in her life and wanted to pursue her dream of opening a florist close to her home. With four pension pots totalling £250,000, she explored how a SSAS could help her buy a commercial property and support her new business, Posy Limited.

At 55, Trish had just paid off her mortgage and was ready for a new chapter. When a local shop came onto the market for £120,000, she felt inspired to turn her long-held dream into a reality.

Her financial adviser, Ed, suggested establishing a SSAS so she could consolidate her four pensions into a single fund. This enabled her to:

• Transfer all pension pots into the SSAS
• Take £30,000 tax-free as working capital
• Use the remaining funds to purchase the commercial premises
• Rent the shop to her own company, creating a tax-efficient income stream

The SSAS structure gave Trish full control, allowing her to start her florist without external borrowing while strengthening her long-term retirement savings.