Phone:01570 423 823 | post@cyfri.co.uk
SSAS
What is a SSAS?
A Small Self Administered Scheme (SSAS) is a company pension scheme, the members of which are usually directors and key employees of the sponsoring employer. A SSAS, whilst subject to the same rules relating to contributions and benefits as a normal company arrangement, has considerably greater flexibility and control over the scheme's investment policies and its underlying assets. In view of the wide investment powers, the Inland Revenue require a Pensioner Trustee to oversee the scheme to ensure that it continues to invest within Inland Revenue guidelines. Other requirements of a SSAS are that only one scheme is permitted per employer and normally the scheme should have less than 12 members.
A further advantage of a SSAS is that they permit pensions to be paid from the funds to a backstop age of 75 without the need to purchase an annuity. This permits continued control and flexibility of investments up to that date. If you would like further details of annuity deferral please contact us.
The value of your investment and income from it is not guaranteed it can go down as well as up due to fluctuations in investment markets, and you may not get back the full amount invested.
Levels and bases of and reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor
Pensions Enquiry
Company address: Cyfri Cyfyngedig - 23 College Street, Lampeter, Ceredigion, SA48 7DY
T: 01570 423 823
F: 08709 223 296
Email: post@cyfri.co.uk
Registration address as company address
Registration number: 03925755
Registered in: Wales
For Investment Planning we make recommendations based upon the Whole of Market.
The levels, bases and reliefs of taxation are subject to change.
The guidance provided within this website is subject to the UK regulatory regime and is, therefore, primarily targeted at consumers based in the UK. This site does not confer any form of personalised financial advice, should you wish to receive specific financial advice please contact us.
Cyfri Cyfyngedig is an appointed representative of The M&E Network Ltd, which is authorised and regulated by the Financial Services Authority. The M&E Network Ltd is entered on the FSA register under reference 150643.