Foxrock Wealth Management Ltd. has been created to assist owners of Limited Companies to arrange their retirement plans in the most tax efficient manner using Small Self Administered Schemes
SSAS's must be created in conjunction with a Sponsoring Employer but once established can accommodate the interests of multiple members. They are particularly attractive to co-directors with common aims and family businesses, often described as 'tax efficient family trusts'.
A SSAS is registered with H.M. Revenue and Customs (HMRC) and as such carries generous tax benefits:
As a trustee of your own scheme you will enjoy more investment freedom.
Contributions are deductible against tax.
No income or capital gains tax on investments and disposals.
Tax free death benefits - pension or lump sum before age 75.
Commercial property can be bought (and leased back to your company).
Loans advanced to your company.
The ability for the SSAS to borrow money (for allowable asset purchase).