SSAS Pension: How much does a SSAS cost?

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Q. How much does One Crown Pensions charge for SSAS Pensions?
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Full Description 📃

How Much Does a SSAS Cost?

With our SSAS, you have the choice of paying fees using:

- Your Company account.*
- Funds/profits from inside the SSAS itself.
- Your personal account.

*Should you choose to pay fees via your Company account, your SSAS fees should be corporation tax deductible in the same way accountancy fees are.

Here's Why...
The point of a SSAS is to grow your pension pot as much as you can ready for retirement and/or for following generations who can also be added to the SSAS. More information on this is outlined in other videos that we have in our SSAS Video Hub such as; ‘Can Children be Members of a SSAS?’ and ‘Can Other Members of the SSAS Transfer in Their Existing Pension Schemes?’
We don’t believe it is right, in an environment that is inherently tax free (like SSAS), to charge a success tax in the form of a percentage of all that you have in your pot. As you become more successful, and grow your pot, we will not take more. We don’t believe that’s fair.

We do, however, believe it is fair to charge for what we do and we charge a flat rate regardless of what you have in your SSAS. The amount you choose to grow your pension and therefore the percent of the set charges against the value are entirely within your control.

In relation to how much we charge below are many of the things we do for those fees;

- The synchronisation of your SSAS and investment affairs in one place and under one roof.
- Unlimited conversations with your personal SSAS consultant in the set-up of your SSAS and in the continual running of your SSAS.
- Unlimited conversations with your personal investment consultant as you seek to implement an investment strategy.
- We will periodically bring attractive new investment propositions for your consideration as a part of your SSAS investment strategy..
- We notify you of yearly limits including tax year ends, Company year ends and potential Corporation Tax savings.
- Proactive reminders of allowance deadlines to ensure maximum tax efficiency
- Scheme registration with HMRC.
- Submissions to The Pensions Regulator.
- The submission of annual pension returns to HMRC.
- The opening of a specialist SSAS bank account.
- The production of annual accounts at scheme year end.
- Maintenance of that bank account to provide you with a full audit trail.
- The production of annual accounts at scheme year end.
- Registration of the Information Commissioner's Office.
- The sending of your yearly SSAS statement.
- The provision of the Trust Deed and Rules.
- Ongoing SSAS updates, administration, and support.
- The supplying of the Letter of Wishes and death benefit nomination forms.
- Monthly bank transaction collation.
- Checking existing pension plans if transfer is required.
- Updating you on any changes to legislation.
- Along with our partners at Ecologi, if you complete a Fact Find form, we will even plant a tree.

Timestamps⏱️
0:00 Intro
0:10 The main point of having a SSAS
0:31 We don't do "success tax"
0:55 We only charge a flat rate for the services we provide
1:24 Service breakdown

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