Why Choose a SSAS?
Greater flexibility and control
A Small Self-Administered Scheme (SSAS) is an occupational pension scheme that can give business owners and other eligible members greater flexibility in how their pension savings are managed and invested.
For those who want a more hands-on approach to pension planning, a SSAS offers opportunities that may not be available through more conventional pension arrangements.
Wider investment opportunities
A SSAS can invest in a range of permitted assets, including cash, shares, investment funds and commercial property, subject to the relevant pension rules.
This flexibility allows members to consider investment opportunities in the context of their wider retirement objectives, working with their chosen professional advisers where appropriate.
Supporting your business
A SSAS can do more than build retirement savings. Subject to specific conditions, it can purchase commercial premises occupied by the sponsoring business or lend money to that business.
These arrangements can create opportunities to bring business and pension planning together within a single pension structure.
Contributions and retirement benefits
A SSAS can receive eligible pension transfers and contributions, with the tax treatment depending on the circumstances and applicable rules.
Members can also access their pension benefits in accordance with current legislation and the scheme rules, with options depending on their circumstances and retirement objectives.
Is a SSAS right for you?
A SSAS may appeal to business owners who want greater involvement in managing their pension arrangements, including opportunities to invest in commercial property or make loans to their sponsoring business. This flexibility comes with responsibilities, costs and regulatory requirements that need careful consideration.
Highstone provides specialist SSAS trustee and administration services, helping members understand their responsibilities and working alongside their chosen professional advisers.