We act as a professional trustee of our SSASs to ensure the scheme is kept compliant with tax legislation and our co-trustees are kept informed of latest developments. As part of this service, we provide scheme administration including dealing with regulatory returns as well as member and investment transactions.
With over 2,200 current clients, we have built up a huge amount of experience in dealing with these schemes and the variety of investments that are held within them. Our clients own over 2,500 commercial properties within their portfolios and every year we agree to around 100 loans back to a business owner’s company.
Our SSAS clients include:
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 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.
We have been awarded a two star ‘outstanding’ 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.
In a Policy Paper released after the Budget speech, the government states that it "believes that an MPAA of £4,000 should allow individuals who need to access their pension savings to rebuild them if they subsequently have opportunity to do so”.
The closing date to apply for IP14 of 5 April 2017 is fast approaching! We look at who can apply for IP14, what it protects, how to apply for it, how to calculate if you have sufficient benefits in order to apply for it, and if IP14 can ever be lost.
SSASs have been used as a pension vehicle for scammers in the past, but the issue is largely dealt with and certainly there are not 750,000 problem schemes out there, as implied by The Pensions Regulator.
‘Sole or joint?’ may sound like a classic ‘surf or turf’ choice in your favourite restaurant but the question can also be applied to the trusteeship of self-invested personal pensions (SIPP). Andy Leggett explains the significance in practical terms.
Many members who have a SSAS or SIPP also have pension savings held elsewhere. Their natural question is whether those savings should form part of their SSAS or SIPP as well, by accepting a transfer value and paying it in.
There have been substantial recent changes in pensions legislation affecting high-earners. As a result, senior university staff may now face tax charges on their ongoing pension savings.
In place of a threatened radical overhaul to pensions tax relief, Budget 2016 introduced numerous smaller measures impacting pension savings. Our webinar hosted will guide you through the latest updates following the budget.
Without warning, new Government Actuary’s Department tables for capped drawdown suddenly appeared from HM Revenue & Customs (HMRC) on 18 January 2017. This case study reviews what impact changes to the GAD tables might have on 65 year old Donald.
Employer loan-backs are the unique feature of a SSAS. As the following case study serves to illustrate, SSAS loan-backs continue to offer an alternative source of finance for businesses, and an attractive investment for the SSAS member trustees.
Barnett Waddingham are now working with Hettle Andrews, an independent firm of insurance brokers with Chartered Status, to put together an option for commercial property insurance - vital for any SIPP or SSAS invested directly in commercial property.
We are proud and delighted that our Small Self-Administered Scheme (SSAS) and Flexible Self-Invested Personal Pension (SIPP) have been recognised by Moneyfacts in their Star Ratings for 2017.
Barnett Waddingham is delighted to have been named 'Highly Commended' in the Best SSAS Provider category at this year's Investment Life & Pensions Moneyfacts Awards.
Our SIPP and SSAS seminars are back for spring 2017 - we promise to leave you with plenty of food for thought...… twitter.com/i/web/status/8…2 months