Join Matt Robinson and David Downie as they present the opportunities via Defined Benefit (DB) SSAS. They will outline how they offer a more valuable pension benefit – compared to defined contribution plans/schemes, for Ltd company controlling director business owners. The DBSSAS offers a solution for those impacted by tapered aa rules and or those impacted by MPAA. As a SSAS this scheme offers significant opportunities for business owners to combine their business interests with the pension. Converting company wealth into personal wealth. The DBSSAS truly offers the adviser the ability to offer added value in their services menu discussions with professional connections.
Learning outcomes:
• Understand the design fundamentals around the DBSSAS operating via small scheme rules
• Compare and contrast the pension input rules – DB versus DC (money purchase)
• Compare and contrast LTA rules – DB versus DC (money purchase)
• Understand the costing (permitted company contributions) for each Defined Benefit secured
• Explore the different client scenarios where the DBSSAS could be of consideration
Agenda
• Reasons why a Ltd company business could benefit from a DBSSAS
1. Boost pension funding - make larger company contributions – secure a more valuable pension income
2. Invest in client’s own business
3. Enhance a company’s balance sheet flex
4. Reduce corporation tax liability
• How a DBSSAS works
• DC SSAS and DB SSAS – what’s the difference?
• DBSSAS contribution levels – how they are calculated
• Benefits commence – Key Considerations
• Client scenarios