SSAS
Small Self-Administered Scheme (SSAS)
The many advantages of a Small Self Administered Scheme (SSAS) to any small to medium sized business, especially a family Company include:
- Flexible contributions including Income Tax relief (and Corporation Tax and National Insurance relief on Company Contributions)
- Ability to receive Pension Transfers
- Commercial Property purchase
- Borrowing for property purchase
- Residential Property Collective Investment Schemes
- Purchase of unquoted shares
- Flexible retirement options
- Investment control
- Open to more than one member
- Loans to the company
Westerby The Pension Specialist provides a comprehensive Professional Trusteeship and also takes on the role of being the scheme administrator, whereas some other providers may not. Administrative services provided to operate a SSAS effectively and efficiently including:
- Scheme documentation
- Annual report and meeting
- Operation of scheme bank account
- Benefit calculation
- Completion of the pensions scheme annual returns
Please note that to enjoy the full investment benefits of a SSAS, all the members must be trustees.