How to shelter your company profits from the taxman

The biggest inconvenience that a successful company can have is making too much profit and therefore paying too much tax, however you decide to use the excess profit.

A Small Self Administered Scheme (SSAS) is a special type of pension arrangement that allows you to keep control of the funds invested.

Like any other pension scheme, the SSAS benefits from generous tax concessions whereby any company payments made to the scheme are deducted from company profits and therefore reduce your Corporation Tax bill. All investments grow tax free and an element can be received entirely free of tax on retirement.

In addition, a SSAS can invest in a wide range of investments such as:-

• Quoted stocks and shares
• Unit Trusts
• Insurance policies
• Deposits
• Click here to set up your own company tax shelter

Your SSAS is your Tax Shelter. As well as providing you with valuable retirement and death benefits, your SSAS protects your profits from any future creditors and lets you carry on using these profits to develop your business further.

How to set up your own Company Tax Shelter