Corporate family pension trust (SSAS)
The Smith & Williamson corporate family pension trust (SSAS) is primarily aimed at entrepreneurial company directors or senior executives. It offers a tax-efficient vehicle to build financial security in retirement for them and their families.
We have successfully managed SSASs since 1978. As a result we have the experience needed at a cost effective rate to efficiently handle the establishment and/or administration of such arrangements.
Why use the corporate family pension trust?
The advantages
- flexible contributions, including corporation tax relief
- investment control
- make investments on arms length terms which may also be beneficial to the business
- succession and generation planning
- generous benefits on death before retirement, free of inheritance tax
- payment of all benefits from the scheme (annuity purchase deferral)
- ability to include other family members
Who would use this service?
- directors or senior executives of companies, particularly family companies, which are based in the UK for tax purposes
This scheme is ideal for those who wish to:
- invest significant lump sums or regular contributions (subject to permitted limits)
- transfer in funds from other UK registered pension arrangements
- acquire business premises (subject to commercial and legal requirements)
- provide arms length capital to the company by way of secured loans or by subscribing for newly issued shares in the company
- provide an alternative strategy to the products generally on offer from the life assurance industry
- achieve greater flexibility in the benefits taken during retirement
How we can help
We provide a comprehensive trustee and administration service. This includes:
- scheme documentation
- registration of the scheme as a registered pension scheme for tax purposes
- undertaking all necessary reporting, calculations and record-keeping administration
- operation of scheme bank accounts
- assistance with investments which may be beneficial to the company and the operation of its business
- proactive support for the business and tax planning from a pension perspective
- new scheme establishment or takeover of existing scheme administration and management
- other investment management services as required
Contact us
For more information please contact Jonathan Goodfellow, David Quinton or Martyn Cross.
