SSAS Property Investor Award Winners w/ Kate & Toby Spanier
Congratulations to WealthCoach Toby Spanier and his wife, Kate, for clinching the SSAS Property Investor of the Year award for 2023! But what's the secret behind their success? In this episode, we delve into how they transformed a dilapidated, unmortgageable property into a thriving investment. Using their Small Self-Administered Scheme (SSAS) pension, Toby and Kate loaned money to their limited company, enabling the purchase and revitalisation of the property. With an interest-free loan from the local authority, they refurbished the property and, once let out, funnelled the income back to their company. The Spaniers' journey is not just a tale of financial gain but a blueprint for leveraging SSAS pensions for property investment. They share insights on the flexibility and tax benefits of SSAS pensions, underscoring the importance of thorough due diligence and strong partnerships in establishing a successful family wealth business. Their story offers invaluable lessons for anyone interested in exploring the potential of pension-led property investment, demonstrating the impactful combination of strategic financial planning and entrepreneurial vision.
WealthTalk - money, wealth and personal finance. · Kate Spanier, Kevin Whelan, Christian Rodwell, Toby Spanier
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Show Notes
In today’s episode, we explore the inspiring journey of Toby and Kate Spanier, a couple who leveraged a Small Self-Administered Scheme (SSAS) pension to transform their lives through property investment.
Having moved from London to Kent, they saw potential in a dilapidated property and embarked on a venture that not only brought the property back to life but also set them on a path to financial independence.
Toby, initially a management consultant, and Kate, who later joined him in his enthusiasm for property investment, discovered the power of SSAS pensions.
They took a bold step by using their SSAS pension to loan money to their limited company for the refurbishment of an unmortgageable property.
This strategic move allowed them to refurbish the property with an interest-free loan from the local authority and then generate income through their limited company.
Their adventure into property investment was solidified by winning the SSAS Property Investor Award of the Year 2023, a testament to their innovative approach and the impact of their work.
The Spaniers' story is not just about financial gain; it's about creating a lasting legacy and the empowerment that comes from taking control of one’s financial future.
Throughout the episode, Toby and Kate share insights into the benefits of SSAS pensions, including loan flexibility, tax benefits, and the broader potential of pension-led funding.
They emphasise the importance of due diligence, the power of supportive partnerships, and the vision of building a family wealth business.
The Spaniers' journey offers invaluable lessons for anyone considering property investment, especially through the lens of SSAS pensions.
Their story is a compelling example of how innovative financial strategies can create lasting impacts and open new doors to financial freedom.
Resources In This Episode:
>> WT226: Brand New! Wheel Of Wealth
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