SSAS pension schemes

A Small Self Administered Scheme (SSAS) is essentially an occupational pension scheme. The scheme can have a maximum of eleven members, with all members normally acting as Trustees. In addition, for the scheme to gain approval, it will be necessary to appoint a Pensioneer Trustee. The assets of the scheme are not earmarked for individual members, but a pooled investment. Each scheme needs to be individually approved with a triennial actuarial report being provided to ensure no over funding. New funding rates were introduced in 1996 which slightly reduced the amounts which could be contributed and the benefits provided, fall in line with the Inland Revenues maximum for occupational schemes.

If you need help with a SSAS then click onto one of the options directly above me

SSAS arrangements are only available to Schedule E tax- payers and are primarily established to provide benefits for Directors of Private Limited companies.

The main advantages of a SSAS are:

	Loan backs to company from Pension Fund
	SSAS can borrow money from a 3rd Party Lender
	Self-Investment

There are many things you need to consider when you are considering setting up a SSAS as not all SASS providers or schemes are the same. With this in mind, expert advice and guidance is strongly recommended. Please complete our online enquiry form or request a call back and our independent pension specialist will contact you to discuss you individual circumstances. We will then source the whole market to provide you with the most cost effective and appropriate plan to suit your circumstances.

Great British Finance Limited are authorised and regulated by the Financial Services Authority (FSA). The FSA does not regulate some forms of Mortgage, Inheritance Tax Planning, Credit Cards, Personal Loans, Deposit Accounts & Insurance. If you are submitting an online request, we would advise to read our KeyFacts statement, links are at the top and bottom of this page.