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Small Self-Administered Schemes (SSAS)

For the directors of small and medium-sized companies the tax-efficiency and flexibility of a Small Self-Administered Scheme (SSAS) make it an obvious first choice for retirement planning.

Using a SSAS, company’s profits can be invested to provide retirement benefits for directors. Company contributions are regarded as an allowable expense for corporation tax purposes while directors' contributions qualify for income tax relief, normally at their highest rate.*

For family businesses a well-managed SSAS can help with Inheritance Tax planning. It can enable a retiring older generation to leave the business without imposing a cash flow problem on the younger generation, or being forced to sell to an outsider to raise money for retirement.

Charteris investment managers are skilled and experienced in managing SSAS for companies, where the directors do not wish to manage it on a daily basis. Funds can be invested in equities, gilts and bonds, bank and building society deposit accounts, commercial property, as well as used to make loans to the directors' own company, purchase commercial property for the company and purchase of the company's own share.

* This is based on our current understanding of United Kingdom tax laws, which may be subject to change in the future.

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