Does a SSAS Invest Tax Free?
The good news is, yes it does.
Assets that you hold inside a SSAS which will have gone in there potentially with tax relief on contributions that have been made. If you buy assets such as commercial property or stocks and shares the dividends received on stocks and shares will come in Gross Paid.
Similarly, if you have commercial property in the SSAS the rent that is payable comes in gross, so this is a fantastic saving. If you have borrowed money inside your SSAS to fund the purchase of a commercial property because the rent is coming in tax free, that gives you more money with which to pay down loans faster than you would do if the asset was held within a Limited Company or even personally.
If you’re looking to buy a commercial property SSAS is the place to do it. SSAS is also potentially the best place to borrow money because of the gross paid rent.
In addition to the tax free growth on the investment returns that are inside SSAS, you don’t have any potential liability to Inheritance Tax or Capital Gains Tax. So, if you have brought assets such as commercial property and they have gone up in value, there is no Capital Gains Tax inside SSAS.
Please speak with our sister company One Crown Investments who have access to a number of savings ideas that you can put into your pension.
