The i-SSAS is a SSAS pension, but
designed for only one member.

The i-SSAS is essentially a version of a normal SSAS (small self-administered scheme) but developed by us especially for sole directors or executives.

Whereas the full SSAS is ideal for companies with up to 11 directors, and has features to suit this, our i-SSAS is a version of the scheme which doesn’t include these multi member features.

The i-SSAS is recognised by HMRC and can be registered with them too, and is a trust based occupational scheme where the single member of the pension acts as the trustee, as well as having a corporate trustee to support and advise them.

Each i-SSAS scheme will also have its own PSTR, or Pension Scheme Tax Reference number, to identify it.

If you have a client who is a business owner, looking for a flexible scheme with the ability to invest and grow their funds, and also use the pension to support their business, the i-SSAS is the ideal choice.

Our i-SSAS scheme is a great, flexible tool for enabling business owners to build the retirement they’ve always wanted whilst funding the growth of their company.

One of the most attractive things that can be done with an i-SSAS is using it as a method of buying commercial property. This can be achieved by using the assets within the scheme to purchase the property, or making the most of the loan back facility, which can be used to loan 50% of the scheme assets to the business.

Speaking of commercial property, the i-SSAS is able to accept in-specie contributions into the scheme – and it can also accept contributions from the sponsoring employee (the director’s business), and transfers from existing pensions so clients can have everything consolidated into one scheme.

And, if that wasn’t enough, there’s a huge range of investment options to choose from.

The i-SSAS is a pension for individuals, meaning it’s best for trading limited companies with only one director – and the flexibility of the scheme makes it great for people who want to be actively involved in the way their funds are invested, and those looking to potentially use the scheme to benefit their business.

Essentially, the i-SSAS is a fantastic option for business owners who want more from their pension, and who want to build as secure a retirement (and future for their family) as possible.

With regards to Accountants, we want to reach out to you to talk about the benefits of the i-SSAS and whether it would work for any of your clients. If you’ve had business owners turning to you for advice about their personal pension, we can help them to set up an i-SSAS scheme.

You can transfer your existing pension

It’s quite likely that members already have some sort of pension, whether it’s from a previous job or something they’ve already set up. With an i-SSAS, existing pension rights can be transferred into their new scheme, and those fund can then be used for something like a loan back or commercial property through the features of the scheme. Consolidating all pensions into one pot is something we strongly recommend – it helps keep fees down and provides more options for how to use the fund.

It’s more secure and controllable

Because the i-SSAS is a trust, the assets within it are safe from creditors if the worst should happen and the member’s business runs into financial hardship. The i-SSAS also provides a lot of control for the member with regards to where and how their funds are invested, with more options than other similar schemes available.

It uses a Corporate Trustee

The advice and support of a corporate trustee is invaluable, which is why we provide one with all our i-SSAS schemes. A corporate trustee is able to advise clients on which investments and transactions fall in line with HMRC – though actual investment advice would need to be sought from a Regulated Financial Adviser.