SSAS with Kevin Whelan from WealthBuilders
Episode description
Shaz is joined by Kevin Wheelan from WealthBuilders, to talk about SSAS (Small Self Administered Pension Schemes) - how they work, and why it might be a game changer in terms of investing for you. you can find more information from Kevin and his team
https://wealthbuilders.co.uk/wealthmadesimple
KEY TAKEAWAYS
- A small self-administered scheme is a type of occupational pension that’s managed independently by a company’s directors.
- Like most defined contribution schemes, the employer and/or its members pay contributions, which are all eligible for tax relief. Members can start withdrawing benefits from the age of 55 in the standard way, with the same option of taking 25% as a tax-free lump sum.
- SSAS pensions are sometimes also known as ‘family pensions’. This is because non-employee family members can join, and the SSAS can also hold assets in trust and pay benefits to families long after the original members have passed.
BEST MOMENTS
'This is a game changer'
'A pension is something you put into a box and do not disturb'
'Pensions are a dark art'
VALUABLE RESOURCES
https://wealthbuilders.co.uk/wealthmadesimple
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on: