Submitted by
Sestini & Co | on Sun, 10/01/2017 - 15:56 | In
Pensions,
Tax planning and pensions Which external advisers do you turn to when making strategic funding, growth or staffing decisions?
A recent report shows that 56% of business leaders rely on accountants when making finance decisions.
At Sestini & Co we work with a range of experts to help our clients access suitable funding solutions for their business.
Accountants: most trusted partners
The survey from MarketInvoice shows that the 3,874 respondents consider accountants twice as important as commercial finance brokers (23%). Just 6% would consider speaking to a bank directly.
External factors such as Brexit and the UK’s political leadership are creating some uncertainty.
Careful cash planning ahead
Over a third of survey respondents (38%) reported that they expect this uncertainty to continue over the next six months, resulting in a “cash squeeze”.
Of those, 35% said they would turn to invoice finance to help improve cash flow, with 30% considering bank overdrafts and 7% even expecting to have to turn to their credit cards.
Consider pensions
At Sestini & Co Pension Trustees Ltd we work with businesses to provide them with bespoke solutions to their pension needs, including offering pension administration services and management of Trust-based pension schemes.
A SSAS (Small Self-Administered Scheme) is a pension vehicle established under Trust and registered with HMRC. As a means of pension saving that runs alongside your limited company, it also allows for investment decisions to be made by Trustees (who are also the scheme members).
Stringent rules
Options include a SSAS lending to its sponsoring company under certain conditions; or property owned by the company or its directors could be sold to the SSAS and leased back.
The rules around what can be done with the funds in a SSAS are, quite rightly, stringent and we would work with our network of wealth managers to ensure that your pension fund optimises the benefit of the pension for your business, whilst operating within the HMRC guidelines.
Contact us
If you’d like to discuss your options, call us on 01761 241 861 or email us today. We will be pleased to advise you or to invite you into our offices in Paulton, near Bristol and Bath, for a consultation.
