SSAS Small Self administered Pension Scheme for doctors and dentists.
In this episode, we delve into the complexities and benefits of small self-administered pension schemes for doctors and dentists, commonly known as SSAS. We share valuable insights into using Ssas for intergenerational wealth transfer, property leveraging and offering solutions in niche situations. We also discuss practical examples of Ssas utilization to benefit family companies, dentists, and other professionals with their own practices. Additionally, we highlight the importance of considering financial planning as a family, spreading tax allowances, and equalizing pension contribution. Finally, the conversation takes a critical look at the issue of NHS pension opt-outs and the need to better understand the emotional side of financial decisions. Please note that this information is not meant to replace professional advice.
00:01 Introduction to the Podcast
01:15 Guest Introduction: Dennis Hall
02:10 Understanding Small Self-Administered Pension Schemes
03:53 Who Can Benefit from Small Self-Administered Pension Schemes
05:17 Case Studies: Practical Applications of Small Self-Administered Pension Schemes
05:26 Pros and Cons of Small Self-Administered Pension Schemes
09:50 More Examples of Small Self-Administered Pension Schemes Applications
15:46 How to Start with Small Self-Administered Pension Schemes
16:50 Closing Remarks and Future Podcast Teasers
17:52 Discussion on NHS Pension Scheme
Tommy is joined by Dennis Hall of The Century Plan podcast and Yellowtail IFA to talk all about small self-administered pension schemes!
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Music credit: MetzMusic on YouTube.