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Ssas
WinnieF
Posts: 1 Newbie
Hi
I'm thinking of setting up a SSAS so that I can get control of my pension pot and make it work a bit harder. Has anyone done this & have any tips on pitfalls to avoid or top points to consider? Any recommendations for Scheme Administrators?
thanks
I'm thinking of setting up a SSAS so that I can get control of my pension pot and make it work a bit harder. Has anyone done this & have any tips on pitfalls to avoid or top points to consider? Any recommendations for Scheme Administrators?
thanks
0
Comments
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Do you mean SSAS? This is a scheme for very small companies to set up an employer's pension scheme for their staff. If it's just for you perhaps you were thinking of a SIPP?
Why do you think your pension needs to or can work harder? What type of pension is it? What is it invested in?0 -
I'm thinking of setting up a SSAS so that I can get control of my pension pot and make it work a bit harder.
Harder in what way?Has anyone done this & have any tips on pitfalls to avoid or top points to consider?
You havent mentioned the assets. So, its hard to give any comment until you do.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Hi
I'm thinking of setting up a SSAS so that I can get control of my pension pot and make it work a bit harder. Has anyone done this & have any tips on pitfalls to avoid or top points to consider? Any recommendations for Scheme Administrators?
thanks
Has someone cold called you and advised you to set up a SSAS?
These are the new preferred wrappers of choice for unregulated 'advisers' wanting to flog unregulated investments to unsuspecting people.0 -
These are the new preferred wrappers of choice for unregulated 'advisers' wanting to flog unregulated investments to unsuspecting people.
Same train of thought. Hence my statement on the assets. I am half expecting Cape Verde property to be the answer and we all know what that means.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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