| SMALL SELF ADMINISTERED SCHEMES (SSAS) |
|
These have been around for much longer than SIPPs. They are ‘corporate’ schemes and can have more than one member – up to twelve, whereas a SIPP is a personal pension. Typically the members are directors or partners in a family business. Each SSAS has its own Trust Deed and Rules and all members must be Trustees. From April 2008 a Pensioneer Ttustee and ongoing actuarial valuations are no longer needed, although an Independent Trustee may prove useful. Even then it makes sense to retain an Independent Trustee. We can fulfil this function as well as that of Administrator. We have some leaflets to download. Click on the links below |