SSAS & SIPP
At Gateway we specialise in providing advice in highly specialised areas such as SSASs and SIPPs. We also have an in house Trustee Company which can provide such specialist products. Over the years we have helped many companies and sole traders in both tax planning and the use of pension arrangements.
SSAS
The Small Self-Administered Scheme (SSAS) is a company pension scheme, the members of which are usually shareholding directors. A SSAS provides considerably greater flexibility and control over the scheme’s investments.
Clients are typically appointed as trustees of their SSAS and carry a significant degree of control over the scheme. Such schemes can invest in a vast range of assets and investment vehicles, including the ability to invest in the client’s own business either through the purchase of shares, loans or the purchase of company premises.
As individual trusts, the constitution of a SSAS creates a high degree of control, particularly with regard to family arrangements and the control of wealth distribution.
Our HM Revenue and Customs approved Trustee Company, Gateway Trustees Ltd., has vast experience in the establishment and administration of small self-administered schemes and all consultancy aspects surrounding their use and management.
SIPP
A Self-Invested Personal Pension (SIPP) is designed for individuals, looking to control their pension fund investments. It offers substantial benefits in pension and tax planning, by allowing full flexibility of pension fund investment and when and how benefits are taken, in accordance with the Finance Act 2004.
Clients make their own decisions on when and how much to contribute, how to invest their funds and when deciding how to take benefits. Our role is to help clients achieve their retirement ambitions by working with them and offering a personal, portfolio-based administration service.
It has many of the same investment features as the SSAS except, with this type of pension, you cannot borrow monies from it.
