Pension Schemes
3rd February 2015There are many attractive tax saving, asset protection and wealth creation features of owning commercial property within your own pension scheme.
Along with other relevant professionals, including advisers from Whitings Wealth Management, we can assist in setting up and providing ongoing support services for the following types of pension scheme:
- SSAS’s – Small self administered schemes,
- SIPP’s – Self invested personal pensions.
To service our client needs for the various skills needed in respect of pensions we have established a specialist pool of expertise. We find that such clients are generally interested in the following services:
Compliance Services
- Preparing statutory accounts,
- Audit,
- Completing and filing pension scheme self assessment tax returns to HMRC.
- Completing and filing returns to The Pensions Regulator (TPR).
Outsourcing Services
- For members in retirement, paying out pensions through our payroll bureau service,
Advisory Services
- Advice on holding and protecting appreciating assets within a ring-fenced SPV,
- Based on your age, who else is involved, your future plans and the ‘numbers’ involved, giving you best advice as to whether owning property within a pension scheme suits your circumstances,
- Structuring your affairs so as to maximise use of this tax-efficient entity:
- Tax relief claimed on acquisition costs funded from employer business pension contributions and rent payments,
- Rental income received tax free,
- Capital gain when property is eventually sold received tax free.
Instruct us to act as your pension scheme accountants and let us take away your worry of complying with the various tax and FSA rules. We shall also assist you to obtain maximum tax advantage through structuring your affairs in this manner.
We offer a free initial consultation to potential new clients.
Disclaimer - All information in this post was correct at time of writing.
