How Can I Include My Partner or Spouse to Maximise a SSAS?
Having a spouse or partner within a SSAS makes total financial sense.
As a SSAS must be sponsored by a Limited Company, at least one of the members of the SSAS must be an employee of the Company.
Furthermore, if you have a husband and wife Company and both are Directors, therefore deemed to be employees, adding your spouse to the SSAS makes total financial sense personally and for the Company. Having two Directors in the SSAS doubles the contribution allowances, and therefore Corporation Tax savings for the Company.
Having spouses or partners in the SSAS enables the pooling of funds for investment within the SSAS, be that for the purchase of commercial property or high returning investments. It also enhances the borrowing capacity of your SSAS, allowing you to leverage the value of your SSAS and grow your funds for retirement. So, yes, please put your spouse or partner into the SSAS, it makes total financial sense.
