Small Self Administered Schemes
All Small Self Administered Pensions (SASS's) offer company directors greater control of their pension arrangements. It opens up new and exciting investment opportunities in areas that are closed to traditional pension plans, allowing you to diversify your holdings. They do this by allowing a much wider range of investments, as well as directly SSAS owned investments, which include:
- UK and foreign equities;
- Loans;
- Collective investments such as unit trusts and investment trusts or OEICs;
- Hedge Funds and most other Offshore Funds;
- - Cash in any currency;
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- - Gilts;
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- - Bonds;
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- - Commercial property, freehold or leasehold, in full or part;
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- - Contracts for Difference (CFDs);
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- - Futures and options;
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- - Borrowings;
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- - Insurance policies, including Taded Endowments.
There is usually no tax liability on the investments within the SSAS, even property is exempt from capital gains tax.
The 2006 Pensions Act effectively removed the necessity for main assistance and safeguard for the members, the Pensioneer Trustee. Now not a legal requirement and with much more reporting and civil penalties many providers have removed their pensioneer trustee services leaving many schemes adrift and paying fees for very little assistance. We believe that a Pensioneer Trustee is vital to a SSAS and the members alike to ensure that schemes protect the members and trustees.
For further advice please contact us.