Retirement Planning

UK SIPP holders can usually access their pension from age 55, rising to 57 from April 2028. Up to 25% can be taken as tax-free cash, with the rest drawn through flexi-access drawdown, UFPLS or anAnnuity. Withdrawals above the tax-free amount are taxed as …

An SSAS exit strategy covers what happens to the scheme when directors retire, the sponsoring company is sold or members want to take benefits or transfer to another arrangement.Optionsinclude continuing the SSAS, winding it up, transferring members to SIPPs and managing any property orLoan-back …

A SSAS can lend money back to the sponsoring UKLimited Companyon strict HMRC terms. TheLoanmust meet five tests covering amount (50% of NAV), term (5 years),Interest Rate(HMRC minimum), security and repayment schedule. Compliant loan-back can provide flexibleBusinessfinance. Non-compliant loans trigger heavy tax charges.

A SSAS pension can play a strategic role in UK family businesses, combining retirement saving with property ownership, succession planning and the ability to lend back to the company. This article explains how family members can become members, the planning issues and the compliance …

SSAS pension rules cover what investments are allowed, what amounts can be contributed, how schemeAssetscan be used and what trustees must avoid. HMRC and The Pensions Regulator both have a role. This article covers the main rules UK members and trustees need to understand.

UK company directors can use a SSAS pension to combine retirement saving with strategic features such as commercial property ownership and loans back to the sponsoringBusiness. The structure requires careful planning, professional administration and ongoing HMRC and Pensions Regulator compliance.

Common SIPP mistakes include exceeding the annual allowance, accidentally triggering the MPAA, ignoring charges, falling for pension scams, taking too much income too soon and failing to update beneficiary nominations. This article highlights the most frequent issues and how UK readers can think about …