Do All Members Own the Benefits Inside SSAS Equally?
The short answer is No because it very much depends on what each member has both paid into the SSAS and/or transferred in from any existing UK pension schemes that they may hold.
For example, in a husband and wife Director team; the husband has transferred in money and put contributions in that add up to 60% and the wife has transferred and made contributions of 40% of the value of the total SSAS fund. So, you’d have a 60/40 split. That means that the investments that they make, any profits that may accrue, are therefore split 60/40. It’s important to understand that because that has an impact on future benefits that may be drawn by each individual member.
One Crown Pensions will keep a strict record of what each member has contributed. Therefore, we know who owns what inside the SSAS, what the benefits are, and what profits should be attributed to each SSAS.
