SSAS explained

Starting a SSAS

Setting up a Small Self-Administered Scheme (SSAS) should be relatively straightforward.

You will be assigned a dedicated account manager. This is your single point of contact with whom you will work in partnership to set up your SSAS. Your account manager will develop a detailed knowledge of you, your business and your scheme. They will leave no ‘i’ un-dotted or ‘t’ uncrossed!

To set up the SSAS we follow a three-step process:

1Information gathering

  • Initial enquiry
  • Get to know each other
  • Understanding objectives
  • Due diligence

2Scheme setup

  • Application forms and governing documents
  • Register with HMRC and the Pensions Regulator
  • Open scheme bank account
  • Facilitate transfer of any existing pensions

3Use scheme

  • Contribute
  • Invest
  • Review
  • Repeat

Naturally, there are costs associated with setting up and running a SSAS.

We charge a fixed fee for setting up the scheme, which is payable prior to us providing the scheme’s governing documents. Both the setup and ongoing administration fees are generally paid by your company, which means they potentially qualify as tax relievable business expenses. VAT can also be reclaimed if your company is registered for VAT.

All our costs for administering your SSAS can be found by clicking the button below.

Our fees

If you would like to learn more about how a SSAS can benefit you and your business, please get in touch by completing the form below or calling us on 0800 612 6644.

Learn more about SSAS

Small Self-Administered Schemes (SSAS) offer greater flexibility and wider investment options than other pension schemes. However, they are often misunderstood. The following information is intended to help you understand more about what is possible with a SSAS.

Get in touch

If you’d like to speak to us or book an initial meeting, you can contact us directly or, alternatively, drop us a message using the form opposite.

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