For many business owners, a pension is simply viewed as a way of saving for retirement. Whilst this is undoubtedly its primary purpose, the type of pension you choose can have
a significant impact on both your long-term wealth and your business. A Small Self-Administered Scheme (SSAS) is designed specifically for directors and owners of private limited companies.
Like a Self Invested Personal Pension (SIPP), it offers generous tax advantages, including tax-relieved contributions, tax-free investment growth and, in most cases, the ability to take up to 25% of your pension benefits tax free from retirement age. However, a SSAS goes much further by giving business owners greater control, flexibility and opportunities to integrate pension planning with wider business objectives.
