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- SSAS stands for small self-administered scheme.
Is it a pension scheme?
A SSAS is a registered pension scheme with HMRC. A SSAS is an occupational pension scheme where the members are usually company directors or key staff. A SSAS is set up by a trust deed and rules and allows the members and employer greater flexibility and control over the scheme’s assets.
In what way is it self-administered?
Members are also the trustees and beneficiaries of the SSAS, which means they are investing funds for their own benefit.
Membership must be less than 12. ‘Small’ is not a reference to the size of the company.
Who are the members?
The members are company directors, partners or the owners of a business, however membership is not limited to these individuals.
Is the scheme flexible?
A SSAS gives members more flexibility and control over the scheme’s assets than a SIPP (self-invested personal pension), this is primarily because there is no need for a professional trustee company. See our SSAS vs SIPP page for more information.
A SSAS can do all that a SIPP can…..and more!!
How do I set up a SSAS?
Setting up a SSAS with us is straightforward. All you need to do to start with is fill in this simple online form and submit it to us.
You’ll then receive your set-up document and bank account opening form within 24 hours, which you need to sign and return to us. We’ll take it from there and organise everything …