What is a SSAS?

A Small Self-Administered Scheme (SSAS) is an occupational pension fund generally set up by family run limited companies to build up a pension pot for their retirement, which can also help their business.

In the same way as a SIPP, the SSAS accumulates a pension fund for its members. At retirement the member has the same choices as for the SIPP. Where a SSAS differs is that it can make a loan back to the employer; an attractive proposition in the current economic climate.

Your SSAS can also purchase the business property and lease it back to the company on commercial terms.

At Walker Crips Pensions, we will work with you and/or your financial adviser to arrange and manage your SSAS, registering it with the relevant authorities and deal with the day to day running of your Scheme. You decide what you want your Scheme to invest in and your ultimate aims, and we will help you achieve it.

You will always have direct access to a dedicated Consultant and Administrator who will be assigned to your Scheme. Both of them will know you and your Scheme and they can be contacted on the phone, via email, or at our offices in York.

SSAS’s are registered with HMRC and are eligible for the same tax reliefs as usual pension schemes:

  • Contributions are tax deductible
  • With allowable investments, no income tax has to be paid
  • When disposing of investments held in the fund, you don’t need to pay capital gains tax
  • You can access a tax free lump sum on retirement, from the age of 55
  • A nominee can access a tax free lump sum if member dies before the age of 75

If you have any questions relating to SSAS’s, please call Wendy Eastwood on 01904 544312 or email [email protected].

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This site will tell you more about us, our experience and expertise. But there is no substitute for talking to us. We hope that you will.

Call us on 01904 544312

Or email us at [email protected]

It is important to remember that the value of investments can go down as well as up and it is possible to get back less than you invested, especially in the early years. Past performance is no guarantee of future returns and interest rates and dividends are variable and cannot be guaranteed in the future. Any tax treatment mentioned is based on personal circumstances and current legislation which is subject to change. In the event of a client having a complaint about our services we will do our best to resolve that complaint promptly and to the client's satisfaction. However if we are unable to do so, the client may have the right to complain to the Financial Ombudsman Service. Further information can be found on the Financial Ombudsman Services's Website at www.financial-ombudsman.org.uk.