The following case study illustrates the utilisation of a Small Self-Administered Scheme pension with the view to take control of pension funds, invest them in property, and generate fixed returns.
Overview
SSAS Case Study – Alistair Fry. Businessman Alistair Fry, 54, of Oxfordshire, first found TLP at just the right time, avoiding the stock market crash of 2018 and successfully moving his funds just in the nick of time. He then invested his pension in property and has continued to do so. He now shares his story of how simple it has been to avoid the volatility of stocks and shares that he didn’t understand, and into property.
The Situation
Alastair told us: “Avoiding the stock market crash and investing my pension into property could have been so different. I could have had tens of thousands wiped off the value of my pension fund due to the crash. It was formerly managed by a financial advisor; the money was invested in the stock market. I didn’t really understand it all, which I’m told is a familiar story for many people. It was during a business networking meeting that I learned that I didn’t have to wait until I was 55 to invest my pension in property which is an asset class I understand.”
How?
As a company director, legislation and HMRC rules meant that Alistair could take control of his funds to invest at his on discretion. “I made the decision to transfer out immediately. I also discovered that I could invest part of my pension into my own business and so I am in the process of taking some money out of the pension and loaning it to my company. My company will then have a cash injection to help with the day to day running. The key to all of this is that I am in control of my pension funds now, not the financial advisor. I choose what I do and when. The amount of flexibility and control I have gained is incredible.”
The Result
Just by chance, Alastair managed to avoid the stock market crash of 2018 that saw as much as 40% wiped off the value of UK pension funds. “To say I was pleased is an understatement, but I must admit it was only by chance, as who knows when the market is going to crash? I got lucky and transferred my pension at the right time.”
“Since then, I have been investing my pension into property and generating a fixed returns. feel this is much more stable than stocks, which as far as I can see are only a gamble. My advice to others thinking of transferring their pension into property is to get on and do it; much to my surprise, it’s an incredibly straight forward process.”
Alastair also reduced his costs substantially by moving his former stock market pension into a Small Self-Administered Scheme (SSAS) pension. He now just pays a single fixed fee each year rather than a percentage of his fund. “I feel this is much fairer. I pay a fixed fee regardless of the size of my pension. Many people are paying too much for very little in return.”
What happened next?
As he approached his 55th birthday, his eye was heavily focused on his 25% tax-free lump sum. “With the help of my new SSAS pension broker, I planned my investment strategy so that I could access my lump sum at 55. I had personal plans for this money, paid out to me within a few days of turning 55 – a nice birthday treat indeed.”
If you’re concerned about your pension losing value in the stock market and want to consider property as an alternative then speak to TLPI, understand your options and take action.
Our clients rate us as 5 star, here’s what they say:
jonathanwaters1953
26/07/2023
We have recently used this excellent company to set up a Family Investment Company. The complete process was seamless with our personal contact Jordan Sharpe explaining all the steps along the way in a very confident and professional way. They really do deserve this 5 star review.
Keith Jones
26/06/2023
Tlp have been fantastic with there advice and help in setting up my retirement plans , putting structures into place to help with future generational hand over of assets, great advice from Jordan Sharpe, easy to deal with and always on hand for help when needed, well done all, 👏 ✔️
Stewart Yardley
05/06/2023
Trustworthy Financial Advice with an Eye on the Future. I recently sought financial advice, and trust was my top priority. TLP not only met my expectations but exceeded them. Although their product didn't suit my current needs, their dedication to providing comprehensive information and support left me confident in utilising their services in the future. TLP's commitment to customer satisfaction was evident from the moment I approached them. They patiently and thoroughly discussed all available options with me, ensuring I understood the pros and cons of each. Despite not making an immediate sale, they generously shared their time and expertise, demonstrating a genuine interest in helping me make the right decisions. What impressed me the most about TLP was their transparent and honest approach. They didn't try to push any product on me that wouldn't serve my current financial situation. Instead, they focused on empowering me with the knowledge I needed to make informed choices. Their willingness to prioritise my needs over immediate profits spoke volumes about their integrity. I left my interaction with TLP feeling informed, confident, and assured that when the time is right, they will be my go-to financial advisory service. The trust they have established with me through their professionalism, dedication, and genuine care for my financial well-being is unparalleled. I have no hesitation in recommending TLP to anyone seeking trustworthy financial advice.
Robert Sidebottom
25/05/2023
I was looking at setting up a Family Investment Company, during which I’d paid more than a few hundred pounds for a couple of Consultations. After which I’d received some rather expensive quotes for setting it up, as well as getting lots of complexed information about the process.
Then I eventually stumbled across TLP while doing some related research. I was pleasantly surprised and more than pleased that they offered a No cost consultation. During which Lewis Jones, was able to simplify all the information and subsequently provide a much more realistic quote for the process. Not to mention the first year’s company accounting services that came for free and the ongoing advice from Lewis. Which has not only been financially beneficial, but as proved to be a great source of knowledge and education, responding to all my questions promptly. With my background not being in the financial and investment sector, his clear explanations put in a context that I was able to understand, has been invaluable.
Geoff Saunders
22/05/2023
Great support all the way through the process very professional good knowledge and friendly service. I would highly recommend
Andew Clymo
21/02/2023
From the start of the transfer to the end TLP have been always available to me, they have kept me informed throughout the process and offered help and guidance when required. Excellent service that is highly recommended
Andy Page
25/01/2023
Now fully set up with a Landlords pension and very pleased with the overall service. Only delays were with AVIVA not playing ball but now all done and set to earn significantly more than with AVIVA. Jordan Sharpe was knowledgeable and guided me through the whole process with a professional and friendly approach. Morwena (assistant) was again very friendly and together made the process a simple one. Looking forward to a better retirement (eventually) thanks to TLP.
