DB SSAS question

PKO7375

Hello,

Technical question regarding DB SSAS deficit contributions.

Our client is a business owner who is a sole member/trustee of his company's defined benefit SSAS. The scheme has assets valued at c£400k and is running a deficit of c £30k. As I understand it the shortfall could be rectified in the same way as a conventional DB scheme, usually via 'deficit repaid contribution(s)', or via a more aggressive investment strategy, for example.

Is a deficit repair contribution the same as a standard employer contribution in this instance and therefore subject to corporation tax relief for the company, and would it count towards the member's annual/lifetime allowance (it obviously wouldn't for deferred members of a conventional DB scheme)?

Many thanks!

DanAtkinsonUK

Sounds like employer contribution, but as there is no relevant benefit accrual for the members no use of AA or direct impact on LTA. Perhaps best to check with the provider - I know Rowanmoor have offered DB SASS products for a while so they might be worth speaking to...