Hilary Carden
Hilary Carden
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SSAS Explained: The ultimate pension solution for business owners
Discover the power of SSAS (Small Self-Administered Pension Schemes) for UK entrepreneurs!
In this video, I break down the benefits of SSAS, including tax efficiency, investment flexibility, and business growth opportunities. Learn how this unique pension solution can help you achieve personal financial freedom while fueling your company's success. Perfect for small family businesses looking to maximise their retirement savings and gain more control over their investments.
Key points covered:
• What is a SSAS and how it differs from other pension schemes
• Tax benefits and inheritance tax advantages
• Investment flexibility, including commercial property and secured loans to your business
• Control and customisation options for business owners
Don't miss out on this game-changing pension strategy! Like, comment, and subscribe for more financial tips tailored for UK small business owners and entrepreneurs.
Timestamps:
00:00 Introduction
00:30 Explanation of SSAS
01:00 Tax Benefits
02:00 Investment Flexibility
03:45 Setting up a SSAS
04:30 Questions
🎯 For more financial strategies and tips sign up to my weekly newsletter: financial-stuff-by-hilary.beehiiv.com/
#SSAS #UKPensions #SmallBusinessFinance #EntrepreneurRetirement #TaxEfficiency #FinancialFreedom #PensionInvestment #UKTaxPlanning #BusinessGrowth #RetirementPlanning #FamilyBusiness #CommercialPropertyInvestment #PensionFlexibility #UKEntrepreneurs #FinancialEducation
Переглядів: 24

Відео

Avoid These Dividend Tax Traps!
Переглядів 5621 годину тому
As a business owner its a smart move to pay yourself by a combination of salary and dividends. But too many people make the mistake of not setting aside the income tax they'll have to pay on the dividend they receive! We've all been there. In this video I talk about a few simple ways to make sure you don't get caught out by this and what you can do to plan ahead for that inevitable tax bill... ...
High earners - Tapered Annual Allowance: why is it important??
Переглядів 2814 днів тому
Tapered annual allowence: What ACTUALLY is it? If you're a high earning business owner and struggling to understand tapered annual allowance, this video is for you! We'll break down what it is and how it affects you. Hope you enjoyed and drop any comments or suggestions below! 🚀🚀SIGN UP - to my NEW weekly newsletter here: financial-stuff-by-hilary.beehiiv.com/ Timestamps 00:00 Introduction 0:40...
Secrets to Boost Your Company's Cash Reserves
Переглядів 2321 день тому
In this video we discuss the secrets to boost your company's cash reserves and improve financial stability. Watch to discover strategies to increase your cash reserves and secure your company's future. Hope you enjoy! Sign up to my weekly newsletter here: financial-stuff-by-hilary.beehiiv.com/ Timestamps 00:00 Introduction 00:20 Case Study Breakdown 01:35 Stratergies to try 02:29 Tiering #Busin...
Dividends vs Salary Explained (The Truth!)
Переглядів 465Місяць тому
Are you a business owner wondering whether to pay yourself through dividends or salary? In this video, I break down the differences between dividends and salary, shedding light on the truth behind each method. Discover how to optimize your tax planning, especially for pensions and SSAS, as well as the implications for family businesses and entrepreneurs. Gain valuable insights into the best way...
😎Why You Should Be An Entrepreneur, Not A Business Owner
Переглядів 70Місяць тому
Do you consider yourself a business owner or an Entrepreneur? 😬 Here's why you should be taking the best of both... 🙌 Sign up to my weekly newsletter here: financial-stuff-by-hilary.beehiiv.com/ Timestamps 00:00 Introduction 00:12 Are you an entrepreneur or a business owner? 00:42 Entrepreneur 01:18 Business Owners 02:27 Mindset unlocks new potential #businessowner #entrepreneur #growthmindset ...
📈Cash in your company? What can you do with it?
Переглядів 81Місяць тому
So you know that you need to get some of that hard earned cash accumulating in your company bank account out of the company and into your personal portfolio. But where do you start? Sign up to my newsletter: financial-stuff-by-hilary.beehiiv.com/ Timestamps 00:00 Introduction 00:19 Where do you start? 00:29 Director pension contributions 00:52 Tapered Annual Allowance rules 01:30 SIPPs & SSAS 0...
💷Maximise Your Business Cash: Essential Tips For Entrepreneurs!
Переглядів 38Місяць тому
In this video, discover essential tips for entrepreneurs to maximize your business cash. Learn about pensions, SSAS, tax planning, and more. Whether you are a business owner, part of a family business, or looking for small business ideas, these insights will help you make the most of your finances. Watch now to take your business to the next level! Timestamps 00:00 Introduction 00:35 Company ca...
🌟Succession Planning For Business Owners: unlock the key to success🚀
Переглядів 25Місяць тому
🌟Succession Planning For Business Owners: unlock the key to success🚀
Hi There 👋
Переглядів 1822 місяці тому
Hi There 👋
🔍Unlocking Hidden Pension Treasures
Переглядів 632 місяці тому
🔍Unlocking Hidden Pension Treasures
📈Online Platforms Updated 2024
Переглядів 192 місяці тому
📈Online Platforms Updated 2024
💰Cash ISAs - Are they a waste of a Tax Break?
Переглядів 7053 місяці тому
💰Cash ISAs - Are they a waste of a Tax Break?
😱Lifetime Allowance Changes 2024!
Переглядів 2053 місяці тому
😱Lifetime Allowance Changes 2024!
💡SIPPs vs SSAS? Which one is right for you?
Переглядів 553 місяці тому
💡SIPPs vs SSAS? Which one is right for you?
❤️ Three Questions about Tax Free Cash
Переглядів 443 місяці тому
❤️ Three Questions about Tax Free Cash
🤯 Jargon Buster: Demystifying Pensions
Переглядів 644 місяці тому
🤯 Jargon Buster: Demystifying Pensions
🥸 Understanding Scheme Pays: A Simple Guide
Переглядів 355 місяців тому
🥸 Understanding Scheme Pays: A Simple Guide
🥷 Exceeding your Annual Allowance: Best Strategies
Переглядів 365 місяців тому
🥷 Exceeding your Annual Allowance: Best Strategies
🎁 Unlock the Power of having a 'Freedom Fund'
Переглядів 515 місяців тому
🎁 Unlock the Power of having a 'Freedom Fund'
🗝 Entrepreneur's Guide to UK Pensions
Переглядів 325 місяців тому
🗝 Entrepreneur's Guide to UK Pensions
📈 How do Pensions affect Business Cash Flow
Переглядів 226 місяців тому
📈 How do Pensions affect Business Cash Flow
💷 Business Owners Guide to Company Funds
Переглядів 276 місяців тому
💷 Business Owners Guide to Company Funds
🧩 Pension Basics for Entrepreneurs
Переглядів 286 місяців тому
🧩 Pension Basics for Entrepreneurs
Secure Your Family's Future and Finances 💫💰 #shorts
Переглядів 656 місяців тому
Secure Your Family's Future and Finances 💫💰 #shorts
🎯 Lifetime Allowance: Update 2023/24
Переглядів 646 місяців тому
🎯 Lifetime Allowance: Update 2023/24
🥊 Using Pensions to Sell Your Business
Переглядів 376 місяців тому
🥊 Using Pensions to Sell Your Business
🧑‍🎄 Tax free Gifting Explained - Festive Finances!
Переглядів 367 місяців тому
🧑‍🎄 Tax free Gifting Explained - Festive Finances!
Ask Hilary: SSAS vs SIPP?
Переглядів 5584 роки тому
Ask Hilary: SSAS vs SIPP?
The Annual Allowance Tax Charge Explained
Переглядів 9194 роки тому
The Annual Allowance Tax Charge Explained

КОМЕНТАРІ

  • @HilaryCarden
    @HilaryCarden 11 годин тому

    SSAS are one of those niche pension schemes that can work brilliantly for family businesses. Often overlooked because the focus is usually on SIPPs. Do you have any questions or is there a particular aspect you'd like to know more about? Let me know in the comments and I'll try and answer in my next videos.

  • @bigrededdy
    @bigrededdy 11 днів тому

    thanks Hilary, this was the best video i’ve seen with easiest explanation of tapering

    • @HilaryCarden
      @HilaryCarden 6 днів тому

      Thank you! glad it was helpful :)

  • @nicks4934
    @nicks4934 28 днів тому

    Thanks ❤

  • @hassh1991
    @hassh1991 Місяць тому

    UA-cam is going good, but all other online platform is now not trustworthy.

  • @ItsaGavianoAgain
    @ItsaGavianoAgain 2 місяці тому

    I'm fairly new to all of this ... but it seems to me that having a stocks and shares Isa kind of defeats the point: if you're holding most of your pension pot in long-term funds, with a portion held in cash in case of a market crash ... then your 'cash' is also going to take a hit when the market dips, isn't it? (ps Hilary: thanks for the vid, but can I say: I find the switching from one camera angle to the black-and-white side-shot a bit irritating ... just distracts from what you're saying?)

    • @HilaryCarden
      @HilaryCarden 2 місяці тому

      Hi, good point and I agree that everyone should hold cash for emergencies and short term spending, which also acts as a hedge against inevitable market downturns. A cash ISA might be a good place for this as long as the money is accessible, but if you're using a cash ISA for surplus funds as a longer term investment I just feel it's a waste of the ISA tax incentives. Obviously risk is a personal thing and it also depends on your time frame, so it won't suit everyone! Thanks for the feedback on the video style by the way, I'm still a newbie on this so appreciate your comments! :)

  • @TavernMasterAndy
    @TavernMasterAndy 2 місяці тому

    Risk free interest for my retired parents only cash made 5% cash isas a no brainer really. Especially with 3 withdrawals penalty free over 3 years. Stocks and shares would have been great but no risk appetite made this clear cut for me. Great video.

    • @HilaryCarden
      @HilaryCarden 2 місяці тому

      Thank you, glad you liked the video :) You're absolutely right, there are definitely situations where cash ISAs are the better choice, its about working it through like you obviously did rather than just defaulting to a cash ISA.

  • @Dr.JubairsFinance
    @Dr.JubairsFinance 3 місяці тому

    Good video Hilary

  • @drjanemccartney
    @drjanemccartney 3 місяці тому

    thanks for the info,

    • @HilaryCarden
      @HilaryCarden 3 місяці тому

      You're welcome! Thanks for watching!🌟

  • @Dazzy1107
    @Dazzy1107 4 місяці тому

    Great info Hilary, many thanks for sharing

    • @HilaryCarden
      @HilaryCarden 3 місяці тому

      Thanks Darren! Glad you found it useful☺

  • @Dubai-Used-Trucks
    @Dubai-Used-Trucks 5 місяців тому

    Thank you and long live , Love from Dubai UAE 🇦🇪

  • @HilaryCarden
    @HilaryCarden 6 місяців тому

    😉We all know the other name for ‘Freedom Fund’ don’t we? 😂

  • @HilaryCarden
    @HilaryCarden 6 місяців тому

    2024: Whilst the Tapered Annual Allowance is still in place, the rules have changed since this video was recorded. I'll be making an updated version very soon! Subscribe if you don't want to miss it :)

  • @paulwaite2834
    @paulwaite2834 Рік тому

    Will a salary sacrifice car scheme reduce your FPE?

  • @razamushahid
    @razamushahid Рік тому

    Amazing really So well explained

  • @prashan3253
    @prashan3253 Рік тому

    Is the Tapered annual allowance only for business owners? What if you are employed through a company?

    • @HilaryCarden
      @HilaryCarden Рік тому

      No, not just business owners. The tapered annual allowance is related to threshold and adjusted income so can apply to an employee.

  • @carlyndolphin
    @carlyndolphin 2 роки тому

    Great video. If John’s dividend was £500K every year would he still have £40K annual allowance, or would it be tapered?

  • @williamswayuk
    @williamswayuk 2 роки тому

    Paying into a pension is a massive scam! I stopped doing it 2 years ago

    • @u3vs62cja
      @u3vs62cja 2 роки тому

      That's a dumb idea

    • @williamswayuk
      @williamswayuk 2 роки тому

      @@u3vs62cja why.. You're gonna be in a concentration camp before long... What will the pension be worth in a couple of years time? :)

  • @phildavey7466
    @phildavey7466 2 роки тому

    Sorry but I can't find the "link to the lifetimes allowance factsheet, at the bottom of the video" ?.. Where can I find d it please?

  • @bishnu2006
    @bishnu2006 2 роки тому

    Hi Hilary I am self employed and interested investing in commercial property .What do I have to do to set up SASS or where can I get help with to set SASS ?

  • @SteveLongmoor
    @SteveLongmoor 3 роки тому

    Thanks for taking the time and trouble to do this series - I simply love the videos!

  • @keithchegwin1222
    @keithchegwin1222 3 роки тому

    My dad was left with practically nothing when my mum died, the government took most of her pension. It was a waste of time my mum putting so much money into it.

  • @Dubai-Used-Trucks
    @Dubai-Used-Trucks 3 роки тому

    Thank you madam stay safe and bless, Always happy healthy may live long life,🥰

  • @Broatch6
    @Broatch6 3 роки тому

    Clear and helpful vid 👍 If U exceed the Annual Allowance and incur the Tax Charge does the Inland Revenue let U know ? In other words if U are in a DB scheme and complete a Tax Return and claim DC Tax relief on the Tax Return and hear nothing can U assume U have not exceeded the £40,00 limit ?

  • @zimborob
    @zimborob 3 роки тому

    Sorry typo.... *show some love people*

  • @zimborob
    @zimborob 3 роки тому

    very high quality channel, why so few views? Show so love people - like subscribe and share!

  • @superduper9357
    @superduper9357 4 роки тому

    These short informative videos deserve more views

  • @Ocelot_1997
    @Ocelot_1997 4 роки тому

    Thank you, that was well explained.