A Small Self-Administered Scheme (SSAS) is an occupational pension scheme that lets you save for retirement whilst keeping an unprecedented level of control on how your money is invested and looked after.

SSAS schemes also offer pension holders various tax benefits. Employer and member contributions typically qualify for tax relief, based on certain requirements. Investment income and gains are usually exempt from UK income tax and capital gains tax. Lump sum benefits on a member’s death is usually free from inheritance tax. When taking benefits, a tax-free lump sum of up to 25% of the member’s share is usually available, depending on the members remaining lifetime allowance.

SSAS pension schemes and Barnett Waddingham

We act as a professional trustee of our SSAS schemes to ensure it is compliant with tax legislation and our co-trustees are kept informed of latest developments. As part of this SSAS pension management service, we provide comprehensive pension scheme administration including dealing with regulatory returns as well as member and investment transactions with the pension fund.

As a SSAS pension administrator and trustee service acting for thousands of clients for over 30 years, we have built up a huge amount of knowledge of pensions and experience in dealing with these schemes and the variety of investments that are held within them.

Our clients own over 2,800 commercial properties within their portfolios and every year we agree to around 65 loans back to a business owner’s limited company.

Our SSAS pension clients include:

  • business owners interested in succession planning with family members who are employees
  • entrepreneurs wanting to invest their personal pension savings into their business
  • high net worth individuals seeking pension saving that is independent of the pension provider
  • adventurous investors wanting access to more unusual investments

For some clients, we simply act as scheme practitioner, essentially being an appointed agent to act for the trustees to submit regulatory returns. We are happy to provide consultancy advice to trustees, noticeably where there has been an issue with non-compliance with rules in the past.

We no longer set up SSAS schemes unless we are appointed as professional trustee given the new HMRC requirement that essentially means there needs to be a skilled pension person associated with the scheme.

If you already have a SSAS and are interested in transferring to Barnett Waddingham to benefit from our highly-accredited independent expertise, please fill in this form and send it to us at this address. Read more about SSAS transfers.

Investor in Customers

We have been awarded a 'silver’ rating by independent assessor Investor in Customers - awarded as a result of an independent assessment of excellence in the field of customer service and customer relationships.

From 6 April 2024, the Lifetime Allowance will no longer apply when you take benefits from your pension scheme. Instead, new allowances will apply when you take a tax-free lump sum or transfer to an overseas pension scheme.

We’re providing this information to help you understand if you might be affected by these changes. It’s based on our current understanding of draft legislation and of guidance published by HMRC. 


Want to know more?

Download SSAS specific literature and guidance from our comprehensive library.

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Frequently asked questions

Find specific answers to a broad range of SSAS related queries.

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Speak to our experts

To find out more about how our expertise can support your needs, please contact our team.

Or if you have questions relating to your SSAS, please use our Scheme Member Contact Form.

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