Phone:0121 681 6833 | enquiries@birminghamifa.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
Pension Fund Calc
Company address: Evans and Associates Financial Planning -
PO Box 15593, Birmingham, West Midlands, B32 9FR
T: 0121 681 6833
M: 07976 510972
F: 0121 336 1836
Email: enquiries@birminghamifa.co.uk
Evans and Associates Financial Planning is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority and registered in England and Wales No.3406454
Trinity 3, Trinity Park, Solihull, Birmingham B37 7ES.
Evans and Associates Financial Planning is entered on the FSA register (www.fsa.gov.uk/register/) under reference 517147.
The FSA do not regulate National savings products, loans, Will writing and some forms of mortgage, offshore funds and inheritance tax planning.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.