It’s vitally important that you work with a SSAS provider who understands and specialises in the investment strategy you are looking to undertake. Here we look at understanding the SSAS pension, how to find the best SSAS providers, what is involved and how to ensure lifetime SSAS success.
How to find the best SSAS providers
How to find the best SSAS providers for your pensions, business and property investments
Firstly, we should cover off exactly what a “SSAS Provider” is
Before looking at how to find the best SSAS providers, it is important to understand what a SSAS provider is and what is involved in setting up and managing your SSAS. Essentially your chosen SSAS provider will in most cases replace your traditional pension scheme provider. This means they will typically file the pensions returns to HMRC, manage the bank account of the pension and undertake administrative duties. Depending on the level of service you then choose will dictate the roles and responsibilities that they undertake.
Deciding which SSAS provider to work with is imperative, it’s important to recognise the different levels of services you may be offered.
The main types of services offered by SSAS providers are;
- SSAS Administrators
- SSAS Practitioners
- Corporate Trustees
- SSAS Brokers
You will need to decide whether you are simply looking for a practitioner to process payments and file scheme returns, a corporate trustee who takes a greater degree of responsibility in ensuring the SSAS pension conforms to HMRC rules or a lifetime SSAS broker who typically would be involved in not only the establishment of the scheme but also in the investment strategy of the pension. Understanding the SSAS and how it can work for you is the first step in learning how to find the best SSAS provider. If you need help in deciding the level of service you require book a FREE consultation with one of our SSAS experts and get your questions answered by clicking here.
Once you have decided the level of service you require you will then need to decide on a provider to work with.
Again there are many variables to consider but this usually comes down to either cost or flexibility.
One of the great benefits of a SSAS pension is the flexibility of investments you can make within the scheme however some SSAS providers impose their own restrictions on what you can and cannot do within their schemes. It’s vitally important that you work with a provider who understand and specialise in the investment strategy you are looking to undertake.
The Landlord’s Pension receive enquiries every week from people who have established a SSAS Pension with a provider who won’t let them implement their investment strategies, not because they don’t conform to HMRC rules but because they don’t fit within the providers internal rules. In this scenario you would then be looking to move provider and incur more cost, so ensuring you are working with the right provider first time round is important.
When is comes to costs of running a SSAS pension the charges do vary quite considerably from one provider to the next, typically schemes that The Landlord’s Pension establish have annual fees starting from as little as £600 p.a..
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What our clients say
Recently been working with Tom at the Landlords Pension through a recommendation from a close friend. Tom is very knowledgeable and explained their services very clearly. Really helpful and friendly guy who immediately put me at ease. Always at the end of the phone or email ready to answer any questions I have.
Highly recommend The Landlords Pension for setting up a SSAS pension. Many Thanks to Liam, Michelle, Teresa and the team for their support throughout and making it an easy process. Looking forward to our working relationship with future investments.
Wouldn’t hesitate to recommend there services to open a SASS, massive thanks to Dan, Michelle and Teresa who made the setup seamless, very supportive throughout the whole process.
Look forward to many years of successful investments with The Landlords Pension
Highly recommend The Landlord’s Pension for opening a SSAS. They are highly professional yet friendly and personable. They are really helpful and keep you informed every step of the way. It’s refreshing to pay for a service by a company who actually do what they say they are going to, with zero aggravation and problems! Thank you guys 🙂
I recently opened my SSAS through The Landlord’s Pension and they have been professional, approachable and efficient throughout. Simon, Teresa and Michelle have all been great in answering my questions and queries and doing their best to ensure the process of transferring over my existing pension has been a smooth and seamless one. I would have no hesitation in recommending them.
I’ve been working with The Landlord’s Pension this year to sort out historically messy pension arrangements and take control by creating a Family SSAS. Chris Brown has been an absolute pleasure to deal with, friendly professional advice all the way through. Thanks!
We had a number of workplace and final salary pensions, dotted all over the place and decided to pull them all into one SSAS. Laura and the team were excellent in explaining what to expect and keeping us advised every step of the way, in fact as part of the fact-find, we came across pensions we didn’t realise we had! I manage my own SSAS, but I know that Laura is at the end of the phone if I need her and she will not hesitate to help. I couldn’t recommend The Landlord’s Pension enough, they were absolutely brilliant!