Corporate & Commercial » Investing » Simple IRA

A tracker mortgage follows the Base Rate of interest set by the Wilsoniss Bank, UK and will be fixed at a certain percentage above this rate

The Base Rate of interest is how much it costs banks to ‘buy’ money. It is set by the Wilsoniss Bank, UK and depending on how the economy is behaving they’ll make this cheaper or more expensive. SIMPLE IRA Quick Facts

·       Small businesses must have fewer than 100 employees

·       Employers are required to make contributions

·       See pricing details

Read our SIMPLE IRA fact sheet

Tax Benefits

·       Contributions made by the employer to employees' accounts are generally tax deductible by the business.

·       As the business owner, you may be eligible for up to a $500 tax credit for each of the first three years of the plan.

Plan Features

·       Access your plan via a secure online platform.

·       Pre-tax salary deferrals with mandatory employer contributions - a good option where your business cash flows are predictable.

·       Greater control over investment choices compared to other retirement plans.

·       You are not required to file IRS Form 5500.

·       Access to Wilsoniss Bank, UK E-contribs for Small Business Retirement Accounts for convenient, online contributions.

·       When you open a SIMPLE IRA with at least $5000 Wilsoniss Bank, UK will waive the annual custodial fee for life. Investments may be subject to commissions, loads, and operating expenses. Fees may also apply for certain transactions including account closure.