Published by Bhargaw Buddhdev on
Furthermore, such pension provision is a significantly more tax-efficient way of enhancing remuneration packages compared with additional salary. Traditionally SSASs were set up on a DC basis and there is more information about DC SSASs here.
“The DB SSAS can provide generous benefits - (for example a high accrual rate, higher spouses pensions and even index linked increases to pensions in payment) - and can be flexible from year to year and are at the discretion of the sponsoring employer.”
To continue reading, please download the briefing note below.