SSAS (Small Self-Administered Scheme) is an employer-sponsored occupational pension scheme, which is established by the employer under trust for at least one of its employees. Other individuals may then be invited to join the scheme. Before any contributions are paid or transfer values are received from other pension schemes a SSAS must be registered with HMRC via its Pensions Online Service. SSASs are not regulated by the Financial Conduct Authority.

Overview of SSASs

The first SSASs were established in the mid-1970s to enable controlling directors of companies to manage their own pension funds. Due to the complexity of the arrangements, membership of such schemes was, and still is, normally limited to company directors and members of their families who are employed by an employer that participates in the scheme.

A SSAS will usually have fewer than 12 members, all of whom are normally appointed as trustees and as such are able to invest in a wide range of assets including unquoted shares, authorised loans to the employer and the purchase of commercial property, which is then leased back to the employer.

Why a SSAS with EBS?

  • strong technical support
  • knowledgeable staff, many with twenty years plus SSAS experience
  • no third party trustee required
  • wide investment flexibility
  • each member’s share of the SSAS assets tracked
  • benefit flexibility both pre and post age 75

Setting up a SSAS

Following receipt of a completed SSAS Application, EBS will provide the client with initial documentation to establish the scheme. EBS will register the scheme with HMRC and assist the Trustees with all relevant reporting requirements. On an on-going basis EBS offers guidance on: the operation of a SSAS, HMRC rules, property purchase, reporting and compliance checks, benefit calculations, etc., as per our SSAS fees and services sheet.

If you would like to know more about the information provided on this page, please contact us.

Before you choose a SSAS, make sure you understand its aims and risks. EBS does not give advice. If you are unsure whether our SSAS is suitable for you, you should seek professional financial advice.

Please remember the value of your investments and any income from them can go down as well as up. The value of your fund may be less than you paid in.

You should view your pension investments as being for the long term. You won’t normally be able to take money out of your SSAS Account until you are at least 55.

The laws and tax rules may change in the future without notice. The information here is based on our current understanding of the tax rules. This information takes no account of your personal circumstances which may have an impact on tax treatment.