If your business operates from owned or rented premises, it’s worth thinking about using your pension fund to acquire the property. Owning this property through your pension scheme has some considerable tax advantages that are well worth looking into.
The two types of self-administered pension scheme
The tax-efficient benefits act as a real incentive for you to own your commercial property through a pension scheme. But what schemes are available to achieve this tax-efficient goal?
There are two key types of self-administered pension schemes:
Other rules re running the pension scheme
That’s the basic outline of what a SIPP or SSAS scheme can do. But there are further rules regarding the management, investment and running of the scheme.
Talk to Accountants247 about SIPP or SSAS schemes
Before you enter into any investments and pension planning, it’s a good idea to get professional advice on your plans. We can discuss broad principles with you, and if you want specific, actionable advice then we can put you in touch with an appropriate pensions specialist.
WIth the right planning and management, owning property through your pension scheme can be an excellent way to improve your property costs and your tax efficiency.
Get in touch with Accountants247 today to chat about SIPP and SSAS schemes.
Hi there, I'm one of the Directors of Accountants247. I specifically look after the development and growth of our business from our Headquarters just outside Warrington.
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