Home›FAQ›Who is suited to a SSAS and what is the difference between a SSAS and a SIPP?
Who is suited to a SSAS and what is the difference between a SSAS and a SIPP?
SSAS are suited to either an individual or a group of individuals who run a common business and wish to have complete control over their pension fund. For a group, the costs per member are usually lower than using individual SIPPs to pool funds to purchase commercial property.
Unlike a SSAS a SIPP member does not have any ability to grant a loan to a connected party, neither may they normally pool their investment interest and holdings. For these reasons a SSAS is normally favoured by members who are happy to have and can share a common interest and the incumbent responsibilities.
There is no requirement for a professional to be appointed to a SSAS, however the rules are complex and may well prove difficult for individuals without experience of running a SSAS.
SSAS and Legal Entity IdentifiersWhat are Legal Entity Identifiers and Does Your SSAS Need One?
From 3rd January 2018 it will be a requirement for legal entities and structures to obtain a reference called a Legal Entity Identifier (LEI) from the London Stock Exchange in order for the trustees of a SSAS to carry on investing. This» Read More
Mr T. E.Our experiences with PML have always been positive and we have the utmost confidence in all the services they provide. We have recommended PML’s services to several friends.
How we work closely with Financial Advisers (Part 1)At Pensions Management Limited, we often work with a client's Financial Adviser. Such cases usually involve us in: providing good administration, commercial property purchase, flexible use of options or just listening and talking about possible options and alternatives. We have always prided ourselves in being approachable.
A Financial Adviser asked us to» Read More
