Small Self Administered Scheme (SSAS)

A Small Self Administered Scheme (SSAS) is a tax efficient company pension scheme for fewer than 12 members. The member funds within a SSAS are pooled together and percentages are designated to members according to their contribution history.

Historically, a SSAS required a professional trustee known as a pensioner trustee. Since 2006 this requirement has been removed, although the majority of SSASs still employ the services of an independent trustee who is well versed in legislation and HM Revenue & Customs (HMRC) practice.

The choice of independent trustee is important because some will act as scheme administrator and protect the member trustees from breaching pension and tax regulations.

All SSASs are separately registered with HMRC. The members are trustees and this enables investment decisions to be taken that are appropriate to the company the SSAS relates to.

A SSAS has the unique ability to lend money to a sponsoring employer and also ability to hold a property within the scheme and lease it back to the company. A SSAS is a highly tax-efficient approach for occupational pension planning within a business.

Who is it for?

A SSAS is ideal for small to medium sized owner managed businesses.

Astute SSAS

Allows you to control the management of your pension and underlying investments. You may also want to transfer other pensions into your scheme to help with property purchase and rent this back to your firm or to make loans back to your business to fund growth. This is all possible within the Astute SSAS.

Your wide choice of investments can include although are not limited to – Bank accounts, Corporate Bonds, Collective Investments ( Unit Trusts, Open Ended Investment Companies and Insurance Funds ), Quoted shares, private equity, Intellectual property and third party loans.

Your retirement benefits are equally flexible and allow for your income and capital to be taken in any way permitted and include the latest changes in pension legislation.

A pension that will provide for you, your children and your grandchildren.

Astute Super SSAS

You may wish to take advantage of the specialist nature of the Astute Super SSAS. This pension scheme allows for you and the other members to allocate investment growth within the scheme to any member. This facility is useful when you or any other member may be close to the Lifetime Allowance and others are still aiming to grow their funds.

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