How Much Does a SSAS Cost?
At One Crown Pensions, we believe transparency is important, especially when it comes to money. That’s why we openly share what it costs to open a SSAS with us.
The Cost of Opening a SSAS with One Crown Pensions
If you want great value for money, One Crown Pensions should be your first choice. We don’t just set your SSAS up for you, we also include an array of extra services in the price to help you get the most out of your SSAS.
Here’s what it costs to open a SSAS with us:
- Set up a new SSAS: £2,400
- Transfer an existing SSAS to us: £2,995
After setup, there is a rolling annual administration fee to keep your SSAS running smoothly.
How to Pay Your SSAS Fees
When you open a SSAS with One Crown Pensions, you can choose to pay the SSAS fees:
- From your company account - Fully corporation tax deductible
- From within the SSAS - Using funds or profits
- From your personal account - If preferred
Choose the option that best suits your circumstance.
Here’s What’s Included in Our SSAS Costs
At One Crown Pensions, we want you to get the most out of your SSAS. Whether you’re looking to grow your fund for retirement, invest in commercial property, save on tax or provide for your beneficiaries after you’re gone, we provide you with the support you need to maximise your SSAS.
Here’s what’s included in our SSAS costs:
Complete SSAS Set-up
When you open a SSAS with One Crown Pensions, we ensure your SSAS is set-up correctly and in compliance with the regulations.
We will also open a specialist bank account on your behalf and collate your bank transactions so that you can see where your money is going and how it’s being invested within SSAS.
Dedicated SSAS Consultant
Understanding SSAS can take time. We want you to utilise this incredible tool in the best way possible. That’s why, when you open a SSAS with One Crown Pensions, you will benefit from unlimited conversations with your Personal SSAS Consultant.
They will help you utilise your SSAS tax efficiently, informing you of any changes in legislation that might affect your finances and answering any questions you may have so that you can get the most out of your SSAS. Their support has the potential to save you tens of thousands of pounds every year.
Access to SSAS Permissible Investments
At One Crown Pensions, we sync your SSAS and investment affairs all in one place, putting you in control of your money.
Once your SSAS is opened, you will be connected with an Investments Consultant from our sister company, One Crown Investments. When you’re ready to invest, the team will present you with SSAS permissible investment opportunities for your consideration.
Notification of Company Deadlines
When you’re the Director of a Limited Company, you know how much admin goes on behind the scenes to keep things running smoothly. We help ease your workload by notifying you of yearly limits, allowance deadlines and company year ends, so that your SSAS stays compliant.
At the end of your Company’s financial year, we will produce your annual accounts and send these to The Pensions Regulator on your behalf. We will also submit your pension return to HMRC so that you don’t need to worry.
Document Creation and Management
We will provide you with all the necessary information and documentation to ensure your SSAS is up and running correctly. This includes a Trust Deed and Rules, as well as the Letter of Wishes and Death Benefit Nomination Forms so that you can provide instruction as to the management of your estate and trusts after you die.
Add Additional Members at No Extra Cost
Whether you want to add a spouse, partner, or children to your SSAS or you’re rapidly growing your SSAS fund, our fees stay the same. We don’t charge for extra members and we certainly don’t, in an environment that is inherently tax free (like SSAS), charge a success tax. So, you can add up to 11 members (the maximum for a SSAS) and continue to grow your SSAS fund without incurring any extra cost.
Set Up a SSAS Today
If you would like to explore opening a SSAS with One Crown Pensions, we encourage you to book a call. We would be happy to discuss your requirements and, if you’re eligible, get your SSAS set up so that you can start making contributions.
Visit our SSAS Video Hub for more on SSAS.
We look forward to connecting with you.
