What is the Process to Open Up a SSAS?
At One Crown Pensions we’ve done our best to make everything as simple and as streamlined as possible. We don’t want you buried under reels of paperwork.
Fill in the Client Discovery Form
So, part of the process is to send you a Client Discovery Form. This is an online form that can be completed on your laptop or your mobile phone - it’s that easy to do. The purpose of Client Discovery Form is for us to double check that you are eligible for SSAS.
Complete Forms from One Crown Pensions
Once Client Discovery Form is completed, we pre-fill some required forms for you to read and sign meaning no duplication of work for you and making it as easy as possible for you to set up a SSAS. At this point, you will submit your fees.
Your Application is Sent to HMRC
Once that’s done, and it can be done very quickly, we submit your application to HMRC for approval. This process can take around 4-6 weeks, depending upon prevailing HMRC waiting times.
Discuss Investing with One Crown Investments
While we’re waiting for HMRC approval, one of the team at our sister company, One Crown Investments will get in touch with you to discuss your investment options and the strategy that you plan to take with your SSAS.
Open a SSAS Bank Account
We will let you know immediately once HMRC has approved your SSAS and will open up your specialist SSAS bank account. This can take as little as 48 hours. Once that’s open, you are ready to invest. You transfer funds and start to invest in line with your chosen strategy.
Check our 'Pension Process' webpage for even more information.
