Sunday, 15 September 2013

SSAS loans - Five conditions for the principal and associated companies

The rules state;


The maximum loan is 50% of net assets of the scheme at the time of the loan.

The loan is for a maximum period of five years.

The interest rate has to be a minimum of 1% over the average of six high-street bank base rates.


The capital and interest is repayable equally over the period [...]

Source: http://www.pensionpractitioner.com/blog/ssas-loans-conditions-for-principal-and-associated-companies/47/

pension transfer retirement age uk retirement calculator annuity calculator pensions advisory service

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home