What are SSAS pensions? Is a SSAS pension a good idea? What do I need to know? What are the rules? These, amongst others, are questions we answer every day.
Pensions do not have to be complicated. With the right advice and support, you can start taking control quickly and easily with a SSAS.
SSAS stands for Small, Self-Administered scheme. It is a type of pension scheme, allowing from 1 to 12 members to pool their pensions and invest the funds at their own discretion.
To start a SSAS pension you must be a company director.
To make a SSAS pension worthwhile, we suggest you have a minimum of £75,000 to transfer into the SSAS
Registration takes up to 10 weeks
Pension growth, greater control and flexibility, enhanced tax planning, loan to your business, invest in property and build a legacy.
The key to a successful SSAS is in having a clear strategy for your business, personal and retirement goals and a view of your ‘end game’. Once you have these, with the right support, a SSAS can be tailored as an invaluable tool to meeting your desired outcomes.
A SSAS is a corporate pension so does not sit under the Financial Conduct Authority regulations.
SSAS pension schemes are regulated by The Pensions Regulator.
A SSAS must adhere to HMRC regulations. TLPI is authorised to administer pensions in the UK and our accountancy practice can submit your application.
Unless you are an expert in tax legislation, it is important to employ a corporate trustee to manage this area of your SSAS. We partner with trusted and respected corporate trustees.
Yes! With the SSAS Loanback facility you can invest up to 50% of your pension into your business.
Yes! There are many avenues to investing a SSAS pension in various property investments.
HMRC rules state that a SSAS can directly invest in commercial property. It cannot directly invest in or hold residential property. A SSAS can invest directly in commercial property, it cannot invest in or hold residential property.
A SSAS can invest in all of the same investments as traditional pensions, as well as your business and in property, but with far more control and flexibility.
To ensure the success of your SSAS, align it with your business, personal and pension goals and safeguard against tax penalty, it is advisable to employ the services of an experienced SSAS advisor.
A SSAS Practitioner does not play a responsible role. They are just there for advice and support in setting up your SSAS. TLPI offer full SSAS setup, corporate trustee, strategy and investment advice and tax planning and ongoing dedicated SSAS Support.