A SSAS (Small Self-Administered Scheme) is a type of UK workplace pension scheme that is typically set up by company directors or small businesses for the benefit of its directors, senior staff, and sometimes family members. Unlike standard pensions, a SSAS gives its members greater flexibility and control over how the pension fund is invested.
Organon Trustees
A Small Self-Administered Scheme (SSAS) can be an effective pension option for business owners or directors of small companies.
Up to 11 members can join a SSAS and whilst these are usually directors of the same company, family members may also be able to join. Along with Organon as professional Trustee, all members become Trustees of the scheme.
The company that sets up the scheme becomes the Sponsoring Employer and during the registration process, HMRC will make their own checks on that company to satisfy themselves that it is a genuine trading entity.
Here are some of the reasons why it may be worthwhile considering a SSAS:
It is worth noting at this point that unlike a SIPP, a SSAS can take a lot longer to set up as each scheme must be individually registered by the HMRC. This process can take a matter of weeks and even months but making sure accurate information is provided about the members and sponsoring employer does help in their scrutiny of each application.
Organon Trustees
It is not uncommon for SSAS clients to be with their pension providers for years.
This isn’t necessarily a bad thing as there are some very good SSAS providers out there.
But what we find is that once clients take a closer look at what they are getting for their annual invoice, they can sometimes find room for improvement.
Some of the reasons why companies ask us to take over their schemes:
It could be all or just one of these but what we can promise you is a more hands-on approach from day one with clear, justifiable, fees.
If you want us to take a look at your current arrangement and provide you with a comparison on cost and service, we’d be very happy to talk to you.
Want a clear, transparent fee structure with no hidden costs?
Property done properly by a knowledgeable team who are easy to contact
We will respond to quickly to any query and pay your benefits promptly
Organon SIPP Services
(Access via A6 only)
8th Floor, Regent House
Heaton Lane
Stockport
SK4 1BS
Tel: 0161 480 5157
Email: general@organontrustees.co.uk
Main Office:
Tel: 0161 480 5157
Property Team:
Tel: 0161 464 9536
General Enquiries:
general@organontrustees.co.uk
Property Enquiries:
property@organontrustees.co.uk
New Business Enquiries:
newbusiness@organontrustees.co.uk
Organon Trustees is a trading style of Organon SIPP Services Limited.
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Organon SIPP Services Limited is registered in England and Wales (Registered Number 06633255) and is authorised and regulated by the Financial Conduct Authority