Every SSAS requires a SSAS Scheme Administrator whose role is to:
- Register the pension scheme with HM Revenue & Customs (HMRC)
- Report events relating to the scheme and the Scheme Administrator to HMRC
- Make returns of information to HMRC
- Provide information to scheme members, and others, regarding the Lifetime Allowance, benefits and transfers
HMRC can impose fines for failing to adhere to its requirements.
