Can You Transfer Your SIPP into a SSAS?
Yes, you can.
We would of course always suggest that if you already hold a SIPP you seek independent financial advice to make sure that transferring the SIPP into a SSAS is the right thing for you.
It is possible to move investments held in the SIPP to the SSAS without having to sell them. Talk to us to find out more.
A common reason to move from SIPP to SSAS is because the SIPP provider doesn’t provide the option to purchase commercial property. Many SIPP providers have pulled out of the commercial property market over the last few years, yet often SME Director clients own commercial property from which their business trades.
Owning commercial property within a SSAS pension enables significant tax benefits, funds can be released back to the Company if purchased from the Company enabling liquidity and the property sits outside of the Member’s estate for Inheritance Tax purposes.
You can move SIPP to SSAS and the team at One Crown Pensions will sort out the paperwork, making light work for you.
You can also have both a SIPP and a SSAS. Perhaps you have an existing or prior pension and a trading limited business which qualifies and you are looking for more control and a wider investment choice from an additional pension?
Our sister company, One Crown Investments, will be happy to provide you with some ideas on some of the alternative permitted investments that are allowed both in and outside SSAS.
