Level 2 - SSAS Education programme - Our full suite of SSAS Education resources and access to our Consultation and Application processes SSAS Loan Back - 50%
Level 2 - SSAS Education programme - Our full suite of SSAS Education resources and access to our Consultation and Application processes
0% Completed

Please note that there are a number of HMRC criteria that must be met with a SSAS Loan back, and that criteria is essential to ensure that the loan can be created within HMRC rules. There is no way to circumvent the rules

The rules in brief are:

  1. Maximum loan amount is 50% of the net assets owned by the SSAS
  2. Interest must be charged of at least 1% over Bank of England base rate
  3. The Loan must be documented properly with an approved loan agreement 
  4. The Maximum term of the Loan is 5 years
  5. Loans over 12 months require regular repayments of both capital and interest
  6. Loans MUST be secured using a FIRST CHARGE Unencumbered security, such as Commercial Property, A Fixed Charge on commercial assets, A Bond and Floating Charge, and a charge over the shares of the borrowing company           (a charge over Company shares is not available on Scottish registered Companies)

PLEASE NOTE THAT THE SECURITY ASPECT IS GENERALLY THE BIGGEST CHALLENGE TO ENSURE THAT ACCEPTABLE SECURITY IS IN PLACE

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