Listen "SSAS Explained"
Episode Synopsis
Shaz shares an overview of the benefits of having a SSAS and works through live examples from members of the audienceIf you want control of your funds and the opportunity to grow a SSAS to a point where you can effectively use it then this episode has great content about the key positives of setting up a SSAS
KEY TAKEAWAYS
A Small self-administered pension scheme (SSAS) is a trust where you control the funds
With a SSAS you control what happens to your funds
Every year you can pay up to forty thousand pounds into your pension
You can transfer funds from your SIP to your SASS
A SSAS requires a sponsoring company
Lend up to 50% back to your company, with security, charging interest
Buying commercial property through a SSAS means there is no tax on the rental
The lifetime limit on a SSAS is a million plus
When the interest goes into the SSAS there is no tax for the SSAS
BEST MOMENTS‘50% can be lent back to the sponsoring company’‘It can quickly build up to having a sizable SSAS’‘It gets to a stage where he can be his own bank’
VALUABLE [email protected]
ABOUT THE HOSTShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.You can find Shaz on:
Facebook
LinkedIn
Instagram
YouTube.
KEY TAKEAWAYS
A Small self-administered pension scheme (SSAS) is a trust where you control the funds
With a SSAS you control what happens to your funds
Every year you can pay up to forty thousand pounds into your pension
You can transfer funds from your SIP to your SASS
A SSAS requires a sponsoring company
Lend up to 50% back to your company, with security, charging interest
Buying commercial property through a SSAS means there is no tax on the rental
The lifetime limit on a SSAS is a million plus
When the interest goes into the SSAS there is no tax for the SSAS
BEST MOMENTS‘50% can be lent back to the sponsoring company’‘It can quickly build up to having a sizable SSAS’‘It gets to a stage where he can be his own bank’
VALUABLE [email protected]
ABOUT THE HOSTShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.You can find Shaz on:
YouTube.
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ZARZA We are Zarza, the prestigious firm behind major projects in information technology.