London, Camden United Kingdom (PressExposure) July 11, 2008 -- One of London's leading team of pension practitioners have announced the launch of http://www.pensionpractitioner.com a website dedicated to offering advice to businesses and entrepreneurs on how to best manage their finances via SSAS pension schemes.
Small Self-Administered Scheme commonly referred to as SSAS is a type of pension scheme that has proved popular in recent years as an effective investment scheme. A small self-administered scheme (SSAS) is an occupational pension scheme set up under trust with fewer than 12 members. The popularity of SSAS is because of the investment powers and greater control they offer.
http://www.pensionpractitioner.com is an H.M.R.C authorised provider that can assist businesses and entrepreneurs with setting up SSAS schemes. The company offer end to end administration of SSAS schemes of any scale. Administration of the SSAS scheme by an authorised provider is necessary in order to qualify for the tax relief from HMRC. There is significant tax planning opportunities for the company when making contributions to a SSAS. The contributions the company makes to the SSAS are relived for tax in the accounting year they are paid and this applied to both regular and single contributions as long as these payments are within maximum funding rules. Most SSAS arrangements will allow income drawdown of benefits as long as they comply with various rules.
Pension scheme regulations in UK have changed from 6 April 2006 and new regulations on benefits apply to registered pension schemes, including SSAS. The website provides up to date information on SSAS regulations in addition to offering complete set-up and administration service for schemes. In addition to offering tax benefits, SSAS offers control over capital invested in the scheme. Income withdrawal is available either through the purchase of a series of short term annuities or as income withdrawal direct from the scheme, or a combination of the two.
You can pay money from your business, personally or a third party can pay into your SSAS. Scheme administrators from http://www.pensionpractitioner.com can help you work out the amount of tax relief you will get on payments made into the scheme. The website will soon be offering a new range of online tools and online application and set up currently being developed by [http://www.kronikmedia.co.uk], the London based Software Development Company