22 February 2012
SSAS Practitioner.com the SSAS specialist lowering fees enhancing retirement

Case Study - Making the most of salary sacrifice through a SSAS.  

 

One of the few ways of reducing your taxable income, thus paying less tax and keeping more of your money, is via salary sacrifice into your pension scheme.  If you are a 40% tax payer, by electing to pay say £20,000 of your salary directly to your SSAS via salary sacrifice you stand to save £8,000 in tax.  Using a SSAS the extra £20,000 can be invested in far more diverse ways than via other pension schemes. 

 

Salary sacrifice

 

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