Set Up Fee

The cost to set up a SSAS for one person is £750 plus vat.
For each additional member of up to 3 persons add £250 per member plus vat. For membership above 3 persons, a reduction will be given.

Example:

The cost to set up a two person SSAS is £1000 (£500 per member) plus vat
The cost to set up a three person SSAS is £1250 (or £416.67 per member) plus vat.

We do not time cost or make any additional charges above that stated for the set up of a SSAS.

The setup fee covers the following:

• Provision of Trust Deed and Rules
• Provision of letters for membership of the SSAS
• Provision of nomination of beneficiary forms
• Registration of the Scheme with HM Revenue and Customs
• Registration of the Scheme with the Pensions Regulator
• Registration of the Trustees with the Data Protection Registrar
• Collation of membership data in respect of retained pension benefits
• Completion of HMRC forms and certification
• Opening of scheme bank account
• Client meeting, assistance and technical guidance
  

Annual administration fee

The cost to administer a SSAS for one person is £725 pa plus vat 
For each additional member of up to 3 persons add £260 per member plus vat.
For membership above 3 persons, a reduction will be given.

Example:

The cost to administer a two person SSAS is £985 (or £492.50 per member) plus vat.

The cost to administer a 3 person SSAS is £1245 (£415.00 per member) plus vat

We are one of the only firms that provides a comprehensive and all inclusive service. We do not time cost, charge you for meetings and we make no charges for any transactions or investments you undertake with your SSAS. Therefore whether you are investing £5000 or £50,000 our fixed costs always remains the same.

The annual administration fee covers the following:

• Pension Accounting for tax returns
• HMRC SSAS Scheme return
• HMRC SSAS Event Reports
• Return to the Pensions Regulator
• Annual SSAS trustee report
  
• Annual SSAS benefit statement
• General administration to ensure that the scheme remains tax exempt with HMRC
• Reclaim tax relief on pension contributions
• Monitor and record of SSAS loans and borrowings
• Monitor and record benefits in payment
• Monitor the lifetime allowance and preservation of pension benefits
• Payment of death benefits
• Assistance and guidance as may be required from time to time to assist with the smooth running of the pension scheme
• Monitor and record rental income from property
  

You can download the FEE MENU and find additional documents in the download section of our website. For more information on this please call us on: Freephone 0800 634 4862 or choose our call back feature on our website.