SSAS Pensions FAQs

There is a yearly fee of £2,400 (all in), and a one-off £2,400 set-up fee applies. We have a special promotional 'set up' offer of £995 (all in) for enquiries made in August 2024, (down from £2,400). Open a SSAS today.
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SSAS fees are Corporation Tax deductible and you have the choice of paying the monthly fee using: 1) Funds/profits from inside the SSAS itself, 2) Your Business account, or 3) Your personal account. We also share more about SSAS pension cost breakdowns on our SSAS Video Hub.

You are eligible to set up a SSAS if you are a Director of a trading Limited Company. Find out more in our video ‘who is eligible for a SSAS?’

To open a new SSAS without a pension transfer takes about 8-10 weeks. However, around 8 weeks of this time is spent waiting for HMRC to give their sign-off. Learn more about the process of opening a SSAS in this video. Transferring your SIPP or Personal Pension into a SSAS can take between 3-9 months. The reason this is longer is because it usually takes many months for the SIPP/Personal Pension Provider to action the release of your funds. Find out more about the process and how long does it take to open up a SSAS? it takes to set up a SSAS.

A SSAS is usually set-up by a Company Director for up to 11 members (these can be senior members of staff, company employees and, most commonly, family members). A SSAS is a private pension scheme and is separate to state and workplace pensions. Discover who is eligible for a SSAS and learn what is a SSAS Pension?

If you want to set-up a SSAS pension, it’s important to understand the process and how long it takes. At One Crown Pensions, we offer SSAS expertise and provide pension set-up, transfers, and ongoing support to our clients. Find out the process for setting up a SSAS.

SSAS pensions are designed specifically for Directors of Limited companies and those they chose to include in the SSAS from other Directors to family members. They work by offering a flexible, tax-efficient environment in which members can save for retirement while, at the same time, being a tool that serves the Limited Company. Learn more about SSAS pensions, who is eligible, and find out whether a SSAS can act as a family pension.

If you would like to talk to us, book a call with a One Crown Pensions consultant or call us on 01273 442 915 and we’d be happy to assist.

£60,000 is allowed for each member within a tax year. However, you may be able to utilise unused allowances for an additional three tax years, however this can be a complex area. Find out how to make SSAS contributions or talk to us for more information.

There is no maximum that you are able to hold in SSAS. However, the maximum you can crystallise (withdraw tax free cash from) is 25% of £1,073,100. Find out how much you can put into a SSAS and what the maximum amount is.

No. When you die, the SSAS remains unspoiled. If you have nominated beneficiaries, such as family members, they may receive the remaining pension fund as a lump sum or as an inherited drawdown pension. Find out more about what happens to your SSAS if someone dies.

Yes, you can make personal contributions (contributions that are not from your Limited Company) to your SSAS.

You can withdraw your tax free cash from your SSAS pension at age 55. This rises to 57 in 2028. For more see: How do you withdraw funds from a SSAS tax efficiently?

Yes, this is possible. One of the benefits of SSAS pensions is the money can be loaned to the sponsoring employer and invested back into the company. See can a SSAS loan to a Company? For more and Find out if you can lend to third parties. Talk to us to learn more.

£60,000 is allowed for each member within a tax year. However, you may be able to utilise unused allowances for an additional three tax years, however this can be a complex area. Find out how to make SSAS contributions or talk to us for more information.

There is no maximum that you are able to hold in SSAS. However, the maximum you can crystallise (withdraw tax free cash from) is 25% of £1,073,100. Find out how much you can put into a SSAS and what the maximum amount is.

No. When you die, the SSAS remains unspoiled. If you have nominated beneficiaries, such as family members, they may receive the remaining pension fund as a lump sum or as an inherited drawdown pension. Find out more about what happens to your SSAS if someone dies.

Yes, you can make personal contributions (contributions that are not from your Limited Company) to your SSAS.

You can withdraw your tax free cash from your SSAS pension at age 55. This rises to 57 in 2028. For more see: How do you withdraw funds from a SSAS tax efficiently?

Yes, this is possible. One of the benefits of SSAS pensions is the money can be loaned to the sponsoring employer and invested back into the company. See can a SSAS loan to a Company? For more and Find out if you can lend to third parties. Talk to us to learn more.

Yes. If you’re not happy with your existing SSAS provider, you can switch to us just like you would switch bank accounts. Find out more in our video ‘can I switch SSAS provider?’

Yes, you can transfer your existing pension into a SSAS (as can other SSAS members) as long as it is a registered pension scheme and your pension provider allows the transfer. Learn whether you can transfer a SIPP into a SSAS. The specific process and requirements may vary, so get in touch with us for more information.

Yes, this is possible. There is no limit to the number of pensions you can have. Some Company Directors choose to have their retirement savings in a SSAS alongside their own personal pension (SIPP), and some prefer to keep things simple by syncing their finances and having everything in one place, in a SSAS. Learn whether you can transfer a Sipp into a SSAS or talk with our team.

Either is acceptable. Get in touch with us to discuss the specifics. Our team of experienced Pension Consultants are happy to help.

Yes, SSAS is regulated by HM Revenue & Customs and The Pensions Regulator. Find out more about SSAS regulation in our ‘is a SSAS regulated?’ video. At One Crown Pensions, we submit yearly records to HMRC on your behalf and ensure investments made through your SSAS are compliant. Our One Crown Pensions Practitioner Team has over 15 years of SSAS administration experience and we are an approved Pension Scheme Practitioner.

Yes, we are committed to full transparency and believe you should have complete control of your SSAS pension. That’s why we provide an annual SSAS statement detailing everything from your contributions and tax relief to the progress of your investments. In addition, your Pension Practitioner and your Personal Investment Broker will always be available to answer your questions and provide guidance as and when required during the year.

A SSAS has to report yearly to HMRC. We will ensure your SSAS is registered with HMRC and we will submit your annual pension return to HMRC on your behalf to ensure all investments made through your SSAS are compliant.