A Self Invested Personal Pension (SIPP) is the SSAS equivalent for the self-employed, partnership or an employee.

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The advantage of a Small Self Administered Scheme (SSAS) to any small to medium sized business.

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News from Westerby – March 2014

Stamp Duty Changes Benefit SIPP & SSAS Members Investing In Commercial Property

With the majority of commercial property purchases carried out within SIPP and SSAS being below £1million, the revised commercial property stamp duty rates announced in the March budget are resulting in considerable savings in the amount of stamp duty payable.
The new rates and bandings are:
Stamp duty is payable on the proportion of the purchase price that falls into each band.

For example, stamp duty on a £400,000 purchase would be nil on the first £150K, 2% on the next £100K and 5% on the next £150K - a total of £9,500 as opposed to £12,000 under the previous rules.

If you’d like more information about Westerby Trustee Services

Westerby Trustee ServicesSales & Admin +44 (0) 116 326 0183
Email us here

We will contact you to arrange an initial consultation.

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