Tax Planning — Maximising Contributions Through a SSAS
Three co-directors wanted to invest more into their pensions. By using a SSAS, they were able to maximise unused allowances, purchase their trading premises, and significantly reduce their corporation tax bill.
Tax Planning — Maximising Contributions Through a SSAS
Joe, Sandra and Bill from ABC Limited wanted to strengthen their retirement planning after years of reinvesting profits. Their adviser Andrew showed them how a SSAS could unlock contribution allowances and purchase the company premises for long-term tax efficiency.
ABC Limited had strong cash reserves and owned its trading premises. With small pension pots totalling £248,000 and unused annual allowances stretching back three years, the directors were well positioned to benefit from SSAS planning.
Andrew recommended:
• Transferring all existing pensions into the SSAS
• Maximising unused allowances, contributing £432,000
• Building a combined SSAS value of £680,000
• Using the SSAS to purchase the company premises
This strategy delivered multiple benefits:
Significant corporation tax savings
Long-term capital growth free from capital gains tax
Tax-deductible rental payments back into their pension
Retention of large company cash reserves
Continued control over their trading building
The directors were amazed at the efficiency and long-term value of the SSAS structure.