How to find the best SSAS providers
A comprehensive guide to Pensions and Investments for Investing in Property
It is important to know how to find the best SSAS providers. 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.
- 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 SSAS broker who typically would be involved in not only the establishment of the scheme but also in the investment strategy of the pension. 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.
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..
The Landlord’s Pension recognised the difficulty many people faced in understanding what can and cannot be achieved within a SSAS Pension and the challenge in finding the most cost effective SSAS provider. As the UK’s leading SSAS pension broker we work with a range of SSAS providers to ensure you get the SSAS that fits in with your goals but is also cost effective. Speak to one of our SSAS advisors today by emailing email@example.com or calling us on 01235 426666.
Need specific pension investment advice?
Read our SSAS Pension guides:
- SSAS vs SIPP pensions
- What is a Self-Administered Pension?
- How To Set Up A SSAS pension
- What kind of regulations and protections are there for SSAS?
- What Can an SSAS Pension Invest In?
- What are SSAS death benefits
- HMRC Rules
- SSAS Pensions
- How to find the best SSAS provider
- Can a SSAS buy residential property
- A guide to SSAS Pension scheme Loans
Still unsure about something? Please don’t hesitate to contact us about enquiries relating to pensions and investments in property.
What our customers say...
I cannot recommend Lewis Jones from the Landlord’s Pension highly enough. His professionalism and knowledge of SSAS’s has been outstanding. He has guided me through the end to end process of setting up a SSAS to transfer my Pension into and has never complained when I’ve sent numerous emails with... Read moreLissa Lowrie10/11/20
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... Read moreVicki Prosser29/01/20
The Landlords Pension is an expert in this niche sector of financial planning and have been helping clients to invest in property since 2004.