Pensions Pension know-how Company owners can use their pensions in different ways, as Mike Holt from the Landlord's Pension explains A small selfadministered scheme (SSAS) pension is an occupational pension scheme that's exclusively available to company directors. SSAS pensions have been around for many years, but most business owners and entrepreneurs aren't aware of them or the potential to use historic pension contributions to grow their businesses. It's a common myth that you can't access pension money until you reach 55. With an SSAS, it's actually possible to access these funds for business purposes at any age. An SSAS also creates the ability to pool pension funds with fellow directors to increase buying power and reduce fees. While retaining all the usual benefits associated with a personal pension, a SSAS pension has specific benefits for business owners. One of the key benefits is the ability to loan money from the SSAS directly to the business. This allows business owners to access a source of funding for their business using funds that would otherwise be locked away until they are 55. Another great benefit is that the interest payments are tax deductible within the business and tax free within the pension, up to the lifetime allowance. An SSAS also opens the door for a business to be able to make contributions into the scheme, making it another tool to save tax. The Landlord's Pension was established in 2004 and has built a reputation for efficiency, customer service and helping business owners to grow their businesses and pensions. We work with business owners to help them understand their current situation and goals by offering a free, no-obligation initial consultation. We put together an effective and detailed plan to outline how pension funds can be implemented. 213